Konishi acquires Nakai Doboku, disposes treasury shares for growth

Konishi Co. has resolved to acquire 100% of Nakai Doboku Co.'s outstanding shares for JPY 2,750 million, making it a consolidated subsidiary. This acquisition aims to strengthen Konishi's construction business, particularly in infrastructure repair, renovation, and reinforcement, aligning with its 2027 Medium-Term Management Plan. Nakai Doboku, established in February 1951, specializes in civil engineering and pavement works, reporting net sales of JPY 1,501 million and net assets of JPY 2,504 million as of September 30, 2024.

As part of the acquisition, Konishi will dispose of 310,800 common treasury shares at JPY 1,287 per share, totaling JPY 399,999,600, through a third-party allotment to Toshihiko Nakai, Nakai Doboku's president. This share disposal, representing a 0.44% dilution, is considered an in-kind contribution towards the acquisition price, with the balance paid in cash. The transaction is scheduled for January 5, 2026. The disposal price reflects a 3.4% discount to the closing price on December 15, 2025, but falls within the range of average prices over the preceding one- and six-month periods.