Harima Bistem to acquire Aiwa Service, expanding business

Harima Bistem's board resolved on March 12, 2025, to acquire all shares of Aiwa Service, making it a subsidiary. Aiwa Service, based in the Kansai area, specializes in hospital cleaning and management services. Harima Bistem expects this acquisition to strengthen its business foundation in the Kansai region and improve group synergy. Aiwa Service has assets totaling ¥748 million and equity of ¥644 million, with sales of ¥1.071 billion for the fiscal year ended June 2024. Harima Bistem will acquire 220 shares, representing 100% ownership, on April 1, 2025. The financial impact on Harima Bistem's consolidated results for the fiscal year ending March 2025 is expected to be minor, with more significant contributions anticipated thereafter.