Nissho Group has acquired HIMAWARI SEKKEI VIETNAM to enhance its design capabilities and expand its presence in the Vietnamese market.

Information on the Target

Nissho Group Co., Ltd. (Ticker: 3440), primarily known for its metal processing, has announced its decision to acquire HIMAWARI SEKKEI VIETNAM CO., Ltd., a design company based in Hanoi, Vietnam. This acquisition aligns with Nissho Group's mid-term management plan, which focuses on relocating certain design processes and procurement overseas by 2027. HIMAWARI SEKKEI, established by the former president of a related company in conjunction with local partners, has previously been outsourced by Nissho Group for its design needs.

With the stability of operations at HIMAWARI SEKKEI now evident, Nissho Group seeks to integrate the firm into its corporate structure. This move not only aims to enhance productivity through the utilization of local talent but also positions the company to potentially explore overseas markets in the future.

Industry Overview in Vietnam

The manufacturing sector in Vietnam has seen significant growth, driven largely by foreign direct investment and an expanding labor market. With the government actively promoting Vietnam as a manufacturing hub, many