TAKEBISHI rebounds on plan to make Fukui Mitsubishi Electric Kiki Hanbai a subsidiary
TAKEBISHI CORPORATION <7510> rebounded after announcing it will acquire all shares of Fukui Mitsubishi Electric Kiki Hanbai (Fukui City), an engineering trading company handling FA equipment, air conditioning systems, and elevators, from Mitsubishi Electric Corporation <6503> to make it a wholly owned subsidiary. The announcement drew buying interest.
The move aims to strengthen TAKEBISHI's business base in the Hokuriku region by combining Fukui Mitsubishi Electric Kiki Hanbai's established local sales network and customer base with TAKEBISHI's technical expertise, solution capabilities, nationwide network, and proprietary product lineup. The share transfer is scheduled for Oct. 1. TAKEBISHI said the impact on earnings is expected to be minimal.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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