Expansion of the Construction Equipment Business in the Kanto Region and Synergies with Existing Locations through the Subsidiarization of Yamakei

「At a meeting of the Board of Directors held on 22 September 2022, the company resolved to acquire the shares of 株式会社ヤマケイ and make it a subsidiary. It entered into a share transfer agreement on 26 September 2022 and completed the share acquisition on the same date. 株式会社ヤマケイ is headquartered in Kanazawa Ward, Yokohama, Kanagawa Prefecture, and is engaged mainly in the rental of civil engineering and construction equipment in the Kanto region. The group, meanwhile, operates nationwide, with the sale and rental of civil engineering and construction equipment as its principal businesses. The company decided to acquire the shares because making 株式会社ヤマケイ a consolidated subsidiary was expected to expand the construction equipment business in the Kanto region and generate synergies with existing locations. Ownership interest after the acquisition: 100%.」