Okaya & Co. Ltd. agreed to acquire the assets of Ikeda Kouki Co., Ltd.
September 12, 2012 at 12:00 am EDT
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Okaya & Co. Ltd. (NSE:7485) agreed to acquire the assets of Ikeda Kouki Co., Ltd. on September 12, 2012. Okaya & Co., Ltd. has also decided to extend managerial support to Ikeda Kouki Co., Ltd. in response to the Kirayaka Bank Group's request, and will establish a new company Shin-Ikeda Co., Ltd. by making a capital contribution and sending a managerial person to take Ikeda Kouki's business with its existing customers with the present business arrangements maintained as they are.
The consolidation of Shin-Ikeda Co., Ltd. as a subsidiary will have minimal impacts on the Okaya & Co. Ltd's financial performance for the period ending February 2013.
Okaya & Co Ltd mainly offers various products of iron and steel, information and electronics, industrial materials, living products and others. The Company operates in four business segments. The Steel segment provides iron scraps, steel bars, steel piles, wide flange beams, steel plates, steel pipes and carbon steels for machinery structure. The Information and Electric segment provides copper, aluminumrare earths, electronic parts, general-purpose electrical products, video equipment, semiconductors and electronic-related products, as well as develops and sells software. The Industrial Materials segment offers machine tools, industrial tools and robots, automobile parts, synthetic resin materials, resin molding products, environment and recycling treatment facilities, as well as semiconductors and electronics-related facilities and equipment. The Living Industry segment is involved in the manufacture and sale of piping, housing materials and housing equipment, among others.
OKAYA & CO., LTD. 
