Okaya & Co., Ltd. entered into an agreement to acquire 97% stake in the Steel Business from Nakamura Kozai Co., Ltd.
December 27, 2017
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Okaya & Co., Ltd. (NSE:7485) entered into an agreement to acquire 97% stake in the Steel Business from Nakamura Kozai Co., Ltd. on December 27, 2017. Under the terms of the transaction, the steel business of Nakamura Kozai Co., Ltd. will split and will be established as new company. Upon completion, steel business’ name will be changed to Nakamura Kozai Co., Ltd. and Nakamura Kozai Co., Ltd. will change its name and will specialize in real estate leasing. For the year ended September 2017, the Steel Business of Nakamura Kozai Co., Ltd. reported sales of ¥7.7 billion. The transaction is expected to close on March 1, 2018. The transaction will have no effect on the consolidated performance of Okaya & Co., Ltd. for the fiscal year ending February 2018.
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. 
