IDEA International Co., Ltd. agreed to acquire Shicata Co. from Integral Investment business limited liability partnership No. 1, Integral Corporation and Go Shicata for ¥1.6 billion.
April 05, 2018
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IDEA International Co., Ltd. (JASDAQ:3140) agreed to acquire Shicata Co. from Integral Investment business limited liability partnership No. 1, Integral Corporation and Go Shicata for ¥1.6 billion on April 6, 2018. IDEA International Co., Ltd. will acquire 2.9 million shares of Shicata Co. Integral Investment business limited liability partnership No. 1 will sell 83.9% stake, Integral Corporation will sell 9.3% stake and Go Shicata will sell 6.8% stake in Shicata Co. The board of IDEA International Co., Ltd. passed a resolution on the transaction on April 6, 2018. The transaction is expected to complete on April 27, 2018.
Bruno Inc, formerly Idea International Co Ltd, plans, develops, and sells original products related to living-related lifestyle products such as interior goods, travel goods, and cosmetics, sells select brand products and others. For original brand products, the Company plans and develops products in collaboration with designers, and for select brand products, the Company purchases products from domestic and overseas brand holders. Sales channels mainly include wholesale to specialty stores such as interior shops, sales to corporations that carry out sales promotion, sales through distributors, retail by directly managed stores, and Internet sales through in-house electronic commerce sites. The directly managed stores provides products in five styles.
IDEA International Co., Ltd. agreed to acquire Shicata Co. from Integral Investment business limited liability partnership No. 1, Integral Corporation and Go Shicata for ¥1.6 billion.