TOKYO, Jun 16 (Pulse News Wire) – Nittan Corporation (6493.T) completed its acquisition of Shinwa Seimitsu Co., Ltd. on June 16, 2026, marking the end of a process initiated in February 2026.
Initially scheduled for early April, the transaction was delayed due to extended negotiations, culminating in the signing of the share transfer agreement on February 27, 2026. With Shinwa Seimitsu now fully integrated, two additional subsidiaries—Rizhao Liusheng Xinhua Automotive Parts Co., Ltd. (RYS) and STP Co., Ltd.—will also join Nittan's consolidated group. Both RYS and STP meet the criteria for being classified as significant subsidiaries due to their substantial capital contributions exceeding Nittan’s own capital ratio requirements. Shinwa Seimitsu, established on April 19, 1995, specializes in manufacturing and selling valve lifters.
Its latest financial results show revenues of ¥61.169 billion KRW and net profit of ¥6.5 billion KRW for the fiscal year ending December 2025. RYS, located in Rizhao City, Shandong Province, China, reported revenues of ¥95.519 million RMB and net profit of ¥8.113 million RMB for the same period. STP, based in Gyeongsangbuk-do, South Korea, recorded revenues of ¥12.288 billion KRW and net profit of ¥1.273 billion KRW for the fiscal year ending December 2025. The integration of these companies is expected to impact Nittan's consolidated performance beginning with the first quarter of the fiscal year ending March 2027. Further details on the financial implications will be disclosed once analyzed.
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