TOKYO, Jun 02 (Pulse News Wire) – Sankosyoji CO.,LTD. (136A.T) announced today that its board of directors has resolved to apply for delisting of its shares from the Tokyo Pro Market.
Additionally, the company plans to transfer all equity to Sadojima Co., making it a wholly-owned subsidiary. The application for delisting was made possible after obtaining consent from shareholders holding more than two-thirds of the voting rights. The delisting process follows discussions with Sadojima Co., which has a history spanning 150 years and specializes in steel and non-ferrous metals trading. By joining forces with Sadojima, Sankosyoji expects to strengthen its operational foundation and expand its product offerings, sales territories, and construction capabilities. The share transfer agreement will be finalized on June 02, 2026.
On June 30, 2026, Sankosyoji's shares will be delisted from the Tokyo Pro Market, transitioning to a special purpose company established by Sadojima Co. The capital of ¥400 million will facilitate this transition, ensuring a smooth integration into Sadojima’s operations. Following the delisting, Sankosyoji will continue to operate under the guidance of its appointed J-Adviser, Hashimoto Printing Co., Ltd., until the completion of the delisting procedures. Sadojima Co., founded in December 1937 (with origins dating back to June 1876), operates primarily in the sale and processing of steel and related products, along with manufacturing and selling building metal goods. Its headquarters are located in Osaka City, Central Ward, Island-Within 1-chome 16-ban 19-gou.
The company is led by President Kōhei Sadojima.
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