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    6172   JP3921280008

METAPS INC.

(6172)
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Google to buy Japan payments firm Pring

07/13/2021 | 03:56am EDT
FILE PHOTO: The brand logo of Alphabet Inc's Google is seen outside its office in Beijing

TOKYO (Reuters) - Alphabet's Google has agreed to buy payments business Pring from backers including fintech firm Metaps Inc as the U.S. tech giant pushes into Japan's rapidly growing market for cashless services.

The startup's three top shareholders - Metaps, software company Miroku Jyoho Service Co Ltd and Nippon Gas Co - announced on Tuesday they would sell their combined 87% holding in Pring to Google.

Metaps said it is selling its 45% stake for 4.9 billion yen ($44 million).

Google has operated its smartphone payments business - now called Google Pay - in Japan since 2016. Tech companies such as SoftBank Group Corp and Rakuten Group Inc as well as financial firms are encouraging Japanese consumers to move away from a deep-seated preference for cash.

(Reporting by Tokyo Newsroom; Editing by Kim Coghill and Edwina Gibbs)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -0.72% 2831.88 Delayed Quote.62.29%
METAPS INC. 5.30% 1053 End-of-day quote.44.25%
MIROKU JYOHO SERVICE CO., LTD. 1.00% 1711 End-of-day quote.-18.29%
NIPPON GAS CO., LTD. -1.49% 1655 End-of-day quote.-10.22%
All news about METAPS INC.
09/20METAPS INC.(TSE : 6172) added to S&P Global BMI Index
CI
07/14Nippon Gas to Sell Entire Stake in Android Developer Pring to Google for $11 Million
MT
07/13Google to buy Japan payments firm Pring
RE
07/13Google to Acquire Japan Payments Company Pring
DJ
07/13Google to buy Japan payments firm Pring
RE
06/23Metaps Entertainment Changes Name to Digital Hearts Cross Marketing and Solutions
MT
03/08DIGITAL HEARTS : to Acquire Metaps Entertainment for $20 Million
MT
02/12Coincheck, Inc. completed the acquisition of Metaps Alpha Inc. from Metaps Inc..
CI
02/05Coincheck, Inc. concluded share transfer agreement to acquire Metaps Alpha Inc. from Me..
CI
2020METAPS INC.(TSE : 6172) dropped from S&P Global BMI Index
CI
More news
Financials
Sales 2021 7 800 M 70,3 M 70,3 M
Net income 2021 4 050 M 36,5 M 36,5 M
Net Debt 2021 - - -
P/E ratio 2021 3,53x
Yield 2021 -
Capitalization 14 361 M 130 M 129 M
Capi. / Sales 2021 1,84x
Capi. / Sales 2022 1,73x
Nbr of Employees 256
Free-Float 73,2%
Chart METAPS INC.
Duration : Period :
Metaps Inc. Technical Analysis Chart | 6172 | JP3921280008 | MarketScreener
Technical analysis trends METAPS INC.
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 1 053,00 JPY
Average target price 2 400,00 JPY
Spread / Average Target 128%
EPS Revisions
Managers and Directors
Yuichiro Yamazaki President & Representative Director
Hiroki Haginoya General Manager-Financial & Accounting
Katsuaki Sato Chairman
Ken Takayama Independent Outside Director
Yoichi Wada Director
Sector and Competitors
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