TOKYO, Jun 23 (Pulse News Wire) – SATO Corporation (6287.T) announced today that it has entered into a share purchase agreement to acquire all shares with voting rights of Hiranoya Bussan Co., Ltd., a manufacturer and seller of flexible packaging materials primarily for food and daily goods. The acquisition is aimed at expanding its growth area in smart packaging solutions, which integrates digital information with physical packages through advanced recognition technologies such as two-dimensional codes and RFID.
Hiranoya Bussan possesses high manufacturing technology and quality management expertise in soft packaging, along with a vertically integrated production system from plate making to bag production. The company's technical capabilities and customer base align well with SATO’s strategic vision of integrating digital information with various products, enhancing traceability and consumer engagement. The transaction was finalized on June 1, 2026, and the share transfer will be executed on June 15, 2026.
As of May 31, 2026, Hiranoya Bussan had a capital of ¥50 million and employed 125 staff members. Following the acquisition, SATO will hold 100% of the voting rights in Hiranoya Bussan. SATO expects the impact on its consolidated performance for the fiscal year ending March 2027 to be minor.
The company will promptly disclose any significant developments arising from this acquisition.
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