Announcement on the Stock Acquisition of SHOWA KOSAN Co., Ltd. (as an Equity-method Affiliate)
Feb. 03, 2017
ADEKA Corporation (President and chief executive officer: Akio Kohri; hereinafter referred to as "ADEKA") has announced that it has acquired additional shares of SHOWA KOSAN Co, Ltd. (Head office: Tokyo; hereinafter referred to as "SHOWA KOSAN "), making SHOWA KOSAN a subsidiary of ADEKA.
In the wake of the stock acquisition indicated above, ADEKA hopes to further strengthen its business relationship with SHOWA KOSAN. The company will aim to further expand sales of ADEKA's products, through its long-term and stable partnership with SHOWA KOSAN, and strive to boost shareholder value through improving profitability.
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