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Nippon Manufacturing Service Corp to Acquire Shares in Subsidiary; Expects Extraordinary Profit for FY 2014


Thursday, 14 Nov 2013 01:30am EST 

Nippon Manufacturing Service Corp announced that it will acquire 330,480 shares (34.0% stake) in a subsidiary TKR Corp for JPY 690 million in total, from President of the subsidiary and another Japan-based company, in later December 2013. As a result, the Company will hold 845,723 shares (87.01% stake) in the subsidiary, up from 515,243 shares (53.01% stake). The Company expects the extraordinary profit of JPY 1 billion caused by negative goodwill, for the fiscal year ending March 2014. 

Company Quote

418.0
-6.0 -1.42%
9:39pm EDT