H.I.S. subsidiary acquires Kyoshin Densetsu Kogyo for JPY 423m

Cross E Holdings Co., Ltd., a consolidated subsidiary of H.I.S. Co., Ltd., has announced the finalization of a share transfer agreement to acquire Kyoshin Densetsu Kogyo Co., Ltd., based in Sasebo City, Nagasaki Prefecture. This follows an initial basic agreement announced on May 20, 2025.

The acquisition involves 40,000 shares, representing 100% ownership, for a total consideration of JPY 420 million for the shares, plus an estimated JPY 3 million in advisory fees, bringing the total acquisition cost to JPY 423 million. The share transfer agreement is scheduled for September 24, 2025, with the execution date set for October 1, 2025. Kyoshin Densetsu Kogyo, established in 1946, specializes in electrical, telecommunications, plumbing, and solar power generation work, reporting net assets of JPY 372 million and net sales of JPY 699 million for the May 2025 fiscal year.

H.I.S. anticipates a minor impact on its financial performance from this transaction. Kyoshin Densetsu Kogyo is expected to become a consolidated subsidiary of H.I.S. by the fiscal year ending October 2026.