TOYO Corporation announced that it will acquire all shares of Aloka, a radiation measurement equipment manufacturer, and make it a wholly owned subsidiary. The acquisition price is undisclosed, with the aim of accelerating growth through business expansion, overseas development and applications in next-generation medical care and defense.
TOYO Corporation held a board meeting on 29 October and resolved to acquire all shares of Aloka and make it a subsidiary. The company stated that it will disclose the acquisition price again after completion of the share transfer, and has not disclosed the specific transaction amount.
Aloka is a specialist manufacturer of radiation measurement equipment based in Musashino, Tokyo. Its main customers are government offices, local governments, medical institutions and research institutions, and it has high market shares in its main product areas, supported by strong technological capabilities and brand strength.
For the year ended December 2025, Aloka reported revenue of ¥7,936 million, operating profit of ¥948 million and net income of ¥587 million.
Under its medium-term management plan, named TY2027, TOYO Corporation positions M&A as the core of its growth strategy. Through this acquisition, Aloka will become the subsidiary with the largest business scale within the group, contributing to the acquisition of new businesses, the promotion of recurring businesses and the expansion of overseas operations.
Going forward, the company aims to accelerate the expansion of Aloka's products into overseas markets, develop next-generation technologies for cancer treatment using radiation and develop new products required at fusion power facilities to address tight demand for AI data centers.