Sanyo Trading Co.,Ltd. [3176.T]
TOKYO, Apr 10 (Pulse News Wire) – Sanyo Trading CO.,LTD. (3176.T) announced today that its board of directors has approved the acquisition of all shares of North Kyushu Submarine Co., Ltd., making it a subsidiary.
The move aligns with the company's long-term strategy outlined in its "SANYO VISION" plan, focusing on growth through mergers and acquisitions. North Kyushu Submarine operates in marine surveying, inspection, construction services, and compressor sales across Kyushu since August 08, 1984. With over 40 years of experience, the company has built strong customer relationships, which will enhance Sanyo Trading’s ability to offer comprehensive solutions in ocean-related equipment and services. Additionally, the acquisition supports future expansion into offshore wind energy projects.
Key details of North Kyushu Submarine include: - Capital: ¥30 million - Established: August 08, 1984 - Major shareholders: Four individuals holding 100% Financial highlights for the past three fiscal years ending July show: - Total assets: ¥625 million, ¥620 million, ¥624 million - Revenue: ¥251 million, ¥254 million, ¥280 million - Operating profit: ¥32 million, ¥34 million, ¥31 million - Ordinary profit: ¥36 million, ¥41 million, ¥35 million - Net profit: ¥24 million, ¥28 million, ¥24 million Prior to the share acquisition, Sanyo Trading had no holdings in North Kyushu Submarine. It now owns 600 shares, subject to confidentiality agreements. The transaction is scheduled to close on May 29, 2026. The impact on Sanyo Trading’s consolidated earnings for the current fiscal year is expected to be minor.
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