Nittoc Construction has agreed to buy all 200 shares of a Sagamihara-based contractor that surveys ground and reinforces foundations for houses and low-rise buildings. The target's owner is a holding company that will first be merged into it.
What is being bought
The target works mainly in Tokyo and Kanagawa, covering ground investigation, design and reinforcement work for local homebuilders and builders. Nittoc says the target handles the job end to end, including coordination with warranty companies, and uses its WINPILE method with in-house and partner crews. It had 97 employees as of January 31, 2026.
On a standalone basis, as it prepares no consolidated accounts, it reported sales of ¥3.52bn, operating profit of ¥333mn and net profit of ¥203mn for the year to March 2026.
How it gets done
The board approved the deal on September 25 and the share purchase agreement was signed on September 28. Nittoc disclosed it on October 7, voluntarily, saying it falls below the Tokyo Stock Exchange's timely-disclosure threshold.
Before the purchase, the target will absorb its parent holding company and split off an investment real estate business. The shares, held by ten individuals, are then to be bought for cash. Transfer is scheduled for November 30 and is subject to the reorganisation and the agreement's other conditions, so the date could move.
What is not settled
The purchase price is undisclosed, with Nittoc citing confidentiality obligations. Its effect on consolidated results for the year to March 2027 is still being examined, including accounting for goodwill and acquisition costs. Nittoc's current forecast is ¥80.5bn in sales.