Samurai&J Partners Co.,Ltd. (JASDAQ:4764) signed a basic agreement to acquire Vio Co., Ltd. from VLC Holdings Co., Ltd. (NSE:2467), Masaharu Otake and Sumio Muramatsu for ¥140 million on December 14, 2017. As per terms, VLC Holdings Co., Ltd receives ¥64.1 million as consideration for selling 102 shares representing 49.28%, Masaharu Otake will sell 47.34% and Sumio Muramatsu will sell 3.38% stake. For the year ended March 2017, Vio Co., Ltd. reported net assets of ¥70.9 million, total assets of ¥80 million, sales of ¥136.8 million, operating income of ¥10.8 million and net income of ¥10.6 million. The Board of Directors of Samurai&J Partners Co.,Ltd. and VLC Holdings Co., Ltd. resolved the deal on December 14, 2017. A share transfer agreement and is expected to be concluded and deal is expected to close in January 2018. Stand by C Co., Ltd. acted as valuer for VLC Holdings Co., Ltd. to calculate share value.
Samurai&J Partners Co.,Ltd. (JASDAQ:4764) completed the acquisition of Vio Co., Ltd. from VLC Holdings Co., Ltd. (NSE:2467), Masaharu Otake and Sumio Muramatsu on January 16, 2018.