Daimaru Enawin Co., Ltd. agreed to acquire 39.96% stake in Kusanen, K.K. from Yamaki Sumisetsu Co., Ltd. and 5 other individuals.
June 29, 2022
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Daimaru Enawin Co., Ltd. (TSE:9818) agreed to acquire 39.96% stake in Kusanen, K.K. from Yamaki Sumisetsu Co., Ltd. and 5 other individuals on June 29, 2022. Kusanen generated the Net assets of ¥ 778.562 million, Total assets of ¥ 1,126.699 million, Sales of ¥ 1,800.764 million, Operating profit of ¥ 33.130 million and Net income of ¥ 4.181 million for the financial year March 2022. Execution date of share transfer July 1, 2022.
DAIMARU ENAWIN Co., Ltd. is a Japan-based company mainly engaged in the sale of liquefied petroleum (LP) gas and housing equipment, as well as the operation of home delivery of aqua (mineral water), the rental of home medical equipment, and the sale of medical and industrial gas. The Company operates in three business segments. The Living segment is engaged in the sale of propane gas, butane gas and housing equipment. The Aqua segment is engaged in the manufacture and sale of mineral water. The Medical and Industrial Gas segment is engaged in the rental and maintenance of home medical equipment, as well as the sale of medical and industrial gas and industrial equipment.