# Usami Koyu Corp. agrees to acquire PIAA Corporation for ¥3.5 billion

Usami Koyu Corp. agreed to acquire PIAA Corporation from Ichikoh Industries, Ltd. for ¥3.5 billion on March 27, 2024. PIAA Corporation reported net assets of ¥2.2 billion and sales of ¥9.7 billion as of December 31, 2023.

- Type: Acquisition
- Announced: 2024-03-26
- Where: Japan
- Value: $23.1M (3.50B JPY)
- Status: announced
- Products: automotive lighting products, mirror products, automotive valves, wipers
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Ichikoh Industries](https://endata.com/companies/20161.md) (partner)
- [Usami Koyu Corp.](https://endata.com/companies/76457.md) (acquirer)
- [PIAA Corporation](https://endata.com/companies/76458.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/ICHIKOH-INDUSTRIES-LTD-6492256/news/Usami-Koyu-Corp-agreed-to-acquire-PIAA-Corporation-from-Ichikoh-Industries-Ltd-for-3-5-billion-46308325/), 2024-03-26: "Usami Koyu Corp. agreed to acquire PIAA Corporation from Ichikoh Industries, Ltd. for ¥3.5 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.