Tokyo Sangyo Co., Ltd. completed the acquisition of KDI Global Management Co., Ltd. from Fumitake Kikuchi.
October 30, 2019
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Tokyo Sangyo Co., Ltd. (TSE:8070) entered into an agreement to acquire KDI Global Management Co., Ltd. from Fumitake Kikuchi on November 20, 2018. Under the terms of the transaction, Tokyo Sangyo Co., Ltd. will acquire 0.02 million shares of KDI Global Management. Upon completion, Tokyo Sangyo will carry out an absorption-merger with KDI Global Management and its subsidiary, Kikuden International, Ltd. effective April 1, 2019. For the year ended December 2017, KDI Global Management reported total and net assets of ¥80 million. The transaction was resolved by Tokyo Sangyo Co., Ltd. on November 20, 2018. The transaction is expected to close on January 17, 2019. As of January 11, 2019, it was decided to postpone the closing of the deal. As of July 29, 2019, transaction is expected to close on October 1, 2019.
Tokyo Sangyo Co., Ltd. (TSE:8070) completed the acquisition of KDI Global Management Co., Ltd. from Fumitake Kikuchi on October 1, 2019. Currently KDI Global Management Co., Ltd. is operating as a subsidiary.
Tokyo Sangyo Co Ltd is a Japan-based company engaged in the electric power business, the chemical and environment business, the electronic precision equipment business and the life related business. The Company operates through four business segments. Electric Power segment is engaged in the provision of power generating equipment, power distribution equipment and other electric power related equipment. Chemical and Environment segment is engaged in the provision of plants and equipment for chemical, petroleum refining, pharmaceutical, textile, rubber, nonferrous metals and other industries. Electronic Precision Equipment segment is engaged in the provision of precision equipment, measuring devices, air conditioning and other related equipment. Life Related segment is engaged in the provision of water-saving automatic flusher, plastic bags and garbage collection bags. The Company is also engaged in the management and operation of buildings, and the real estate leasing business.
TOKYO SANGYO CO., LTD. 
