Marumae (TYO:6264) has completed the acquisition of all shares in KM Aluminium through KMX Co., a wholly owned special purpose company, according to its Tuesday bourse filing.
KM Aluminium, based in Omuta City, Fukuoka, manufactures aluminum products, including ingots, billets, and alloys, and was established in 1989 with a capital of 1.36 billion yen.
Following the acquisition, KMX Co. now holds 100% of KM Aluminium, integrating it as a subsidiary under Marumae's corporate structure.
Marumae is evaluating the financial impact of this acquisition on its fiscal year ending August 2025 and plans to disclose consolidated results starting from the third quarter.
Marumae shares dropped over 5% in Wednesday's morning trade.
Price (JPY): $996.00, Change: $-53, Percent Change: -5.05%
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