Kanadevia agrees to sell V TEX to KITZ; transfer price rises to JPY 9 billion

Reuters03-26

Kanadevia agreed to sell all shares of its wholly owned valve maker VTEX to Kitz for JPY 9.2 billion.
The transaction is scheduled to close on June 1, 2026.
Following completion, VTEX and its subsidiaries VTEX Korea, VTEX America, and VTEX Shanghai will be removed from Kanadevia’s consolidated group.
Kanadevia expects to record an estimated JPY 7.3 billion gain from the share sale in its non-consolidated results.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kanadevia Corporation published the original content used to generate this news brief on March 26, 2026, and is solely responsible for the information contained therein.

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