Kaihan completes Nepal Hydro Power Holdings acquisition

Kaihan Co. (TSE:3133) has finalized the acquisition of Nepal Hydro Power Holdings (NHPH) through a simplified share exchange, as initially disclosed on February 28, 2025. With all procedures completed by the effective date of April 1, 2025, NHPH is now a wholly owned subsidiary of Kaihan. The company expects to begin consolidating NHPH's financial results into its own starting in the fiscal year ending March 2026. The acquisition is expected to result in goodwill of JPY2,995 million. Kaihan intends to disclose the specific impact on consolidated earnings for the fiscal year ending March 2026 once amortization details are finalized. A new entity, KS HYDROPOWER PVT LTD, is in the process of being established. Shares issued under the share exchange are subject to lock-up provisions.