Seiwa Holdings Acquires Daitei Painting Industrial Works to Enhance Manufacturing Platform

TOKYO, Jun 24 (Pulse News Wire) – Seiwa Holdings (523A.T) decided at a board meeting held on June 24 to acquire Daitei Painting Industrial Works and integrate it into the group. The acquisition aims to address succession issues faced by small and medium-sized enterprises while enhancing their value through Seiwa's specialized manufacturing platform.

Daitei Painting Industrial Works, based in Shizuoka Prefecture, specializes in various painting techniques such as electrostatic coating, powder coating, and heat-resistant coating for metal products. It serves stable customer bases across automotive parts, home appliances, and general components but faces challenges due to lack of successors. By integrating Daitei Painting Industrial Works, Seiwa expects synergies including shared improvement know-how, combined anti-corrosion technologies, cost savings through bulk purchasing, and expanded operational areas.

Key figures show Daitei Painting Industrial Works had total assets of ¥1.650 billion, net assets of ¥1.500 billion, and capital of ¥12 million as of July 2025. The acquisition agreement was signed on June 30, with the share transfer scheduled for the same day. The transaction involves acquiring all outstanding shares (14,680 shares) with voting rights, subject to confidentiality agreements.

Further impacts on Seiwa’s fiscal 2027 performance will be disclosed once evaluated.