Hack Japan Holdings Co., Ltd. signed a share transfer agreement to acquire Candle inc. from CROOZ, Inc. for approximately ¥200 million.
August 10, 2020
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Hack Japan Holdings Co., Ltd. signed a share transfer agreement to acquire Candle inc. from CROOZ, Inc. (JASDAQ:2138) for approximately ¥200 million on August 11, 2020. As reported, CROOZ, Inc. will transfer 43,206 shares in Candle inc. and will hold no shares in Candle inc. post transaction. For the year ending March 2020, Candle inc. reported net worth of ¥108 million, total assets of ¥167.9 million, sales of ¥247.3 million, operating loss ¥14 million and net loss of ¥17.1 million. The Board of Directors meeting of CROOZ, Inc. resolved the transaction on August 11, 2020. The business transfer execution date is September 30, 2020.
CROOZ,Inc. is a Japan-based company mainly engaged in the provision of services through the Internet. The Company operates in three business segments, including the Internet Content segment, the Internet Commerce segment and the Internet Solution segment. The Company mainly involves in the provision of social games, as well as the blog sites and Internet mail order sites for women. Through the provision of social game named Mobage, the Company obtains usage fees from the users via social game platform companies. It also involves in the provision of charging contents to communication carriers, as well as the provision of licensed contents.
CROOZ, INC. 
