His subsidiary Cross E acquires Kyoshin Densetsu Kogyo K.K.

His (TSE:9603) announced that its consolidated subsidiary, Cross E Holdings Corporation Limited ("Cross E"), has resolved to acquire all 40,000 outstanding shares of Kyoshin Densetsu Kogyo K.K., an electrical and telecommunications construction company based in Sasebo, Nagasaki Prefecture. The acquisition, valued at JPY 420 million, aims to expand Cross E's business by entering new markets in electrical and telecommunications work within Nagasaki Prefecture, leveraging Kyoshin Densetsu Kogyo's 80-year history and expertise in public works projects. The deal is structured as a share transfer agreement, with the final agreement expected by September 2025 and the share transfer effective October 1, 2025. Kyoshin Densetsu Kogyo K.K. will become a consolidated subsidiary in the fiscal year ending October 2026. Cross E anticipates synergies within the group, while also bolstering its strategy to augment existing businesses through M&A in similar or adjacent markets to minimize impacts on business performance amid societal changes.