Source disclosure: January 29, 2026
SHIMIZU CORPORATION [1803.T]
TOKYO, Jan 29 (Pulse News Wire) – Shimizu Corporation (1803.T) resolved today to acquire Aomi Construction Co., Ltd. through a third-party allocation capital increase, making it a consolidated subsidiary.
Following completion of the capital increase, Aomi Construction's capital will exceed 10% of Shimizu’s, qualifying it as a significant subsidiary. Aomi Construction specializes in marine civil engineering, inland civil engineering, ground improvement, dredging, and offshore wind energy projects.
By integrating their operations, Shimizu aims to enhance synergies and expand its business scope in civil engineering and emerging offshore wind markets. Key details of Aomi Construction: - Founded: July 15, 1925 - Headquarters: Tokyo, Chiyoda Ku Sotokanda Ni Choume 2-3 - Capital: ¥355 million - Major shareholders: Employee stockholding association (31.2%), director stockholding association (13.2%) - Financial highlights (as of Mar 2025): Total assets ¥38.00 billion, net income ¥1.408 billion Transaction specifics: - Number of shares acquired: Ordinary shares ¥1.250 billion (voting rights: ¥1.250 billion) - Payment amount: ¥25.00 billion (third-party allocation capital increase ¥25.00 billion) - First payment due: March 30, 2026 - Second payment expected June 2026 Shimizu expects to finalize the acquisition after the first capital increase, securing more than half of Aomi Construction's voting rights.
Full control is anticipated once all existing preferred shares are repurchased and retired.
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