Kawamoto Corp. to delist after Air Water share acquisition

Kawamoto Corporation (TSE:3604) announced that Air Water Inc., its majority shareholder, will proceed with a demand for the sale of remaining shares, effectively making Kawamoto a wholly-owned subsidiary. Air Water, which now owns 92.66% of Kawamoto's shares, will purchase all outstanding shares at a price of JPY1,200 per share. Kawamoto's board approved the demand. As a result of the acquisition, Kawamoto Corporation's shares will be delisted from the Tokyo Stock Exchange on May 14, 2025, following a period of designation as a securities to be delisted starting today.