H.I.S. subsidiary acquires Kyoshin Densetsu Kogyo

H.I.S. announced on September 22, 2025, that its subsidiary, Cross E Holdings, has entered into a share transfer agreement to acquire Kyoshin Densetsu Kogyo, making it a wholly-owned subsidiary. This follows a basic agreement disclosed on May 20, 2025. Kyoshin Densetsu Kogyo specializes in electrical, telecommunications, plumbing, and solar power generation.

The acquisition involves Cross E Holdings acquiring 40,000 shares for an estimated total cost of JPY 423 million, including JPY 420 million for shares and JPY 3 million for advisory fees. Post-acquisition, Cross E Holdings will hold 100% of the voting rights. The Board of Directors of H.I.S. resolved this on September 22, 2025, with the share transfer agreement planned for September 24, 2025, and an effective transfer date of October 1, 2025.

Kyoshin Densetsu Kogyo’s financial performance showed total net assets of JPY 372 million and total assets of JPY 665 million as of May 31, 2025. Net sales for the fiscal year ended May 31, 2025, were JPY 699 million, with an operating profit of JPY 82 million. H.I.S. anticipates the impact on its business performance to be minor, with Kyoshin Densetsu Kogyo becoming a consolidated subsidiary during the fiscal year ending October 2026.