TO Ogasawara Co., Ltd. acquired Hakodate Nissan Jidosha K.k. from Sadakazu Watabe.
September 21, 2012 at 12:00 am EDT
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TO Ogasawara Co., Ltd. (JASDAQ:9812) acquired Hakodate Nissan Jidosha K.k. from Sadakazu Watabe on September 21, 2012. TO Ogasawara Co., Ltd. acquired 1000 shares of Hakodate Nissan Jidosha K.k. representing 100% stake. For the year ending March 2012, Hakodate Nissan Jidosha K.k. reported sales of ¥4.43 billion, operating profit of ¥182 million, ordinary profit of ¥155 million, net profit of ¥60 million, net assets of ¥196 million and total assets of ¥1.74 billion. The transaction was resolved by Board of Directors of TO Ogasawara Co., Ltd on September 21, 2012.
TO Ogasawara Co., Ltd. (JASDAQ:9812) completed the acquisition of Hakodate Nissan Jidosha K.k. from Sadakazu Watabe on September 21, 2012.
T.O. Holdings CO.,LTD., formerly T.O.OGASAWARA CO., LTD. is primarily engaged in the sale of timber, building materials, clothing and furniture, among others. The Timber segment provides raw wood, building materials and plywood for general buildings. The Distribution segment is engaged in sale and installment sale of clothing, furniture, household appliances and goods, among others. The Residential segment is engaged in sale and construction of detached housing, condominiums, residential land and others. The Construction segment is engaged in civil engineering, pavement work, construction of office buildings and commercial facilities, among others. The Real Estate Leasing segment is engaged in the leasing of lands and buildings. The Automobile segment is engaged in sale and repair of automobiles. The Company is also engaged in the operation of sports clubs and insurance agencies, as well as other business.
T.O. HOLDINGS CO.,LTD. 
