TRC Library Service Inc. agreed to acquire 10.56% stake in Fujisan Magazine Service Co., Ltd. from Culture Entertainment Co., Ltd. for approximately ¥300 million.
March 25, 2021
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TRC Library Service Inc. agreed to acquire 10.56% stake in Fujisan Magazine Service Co., Ltd. (TSE:3138) from Culture Entertainment Co., Ltd. for approximately ¥300 million on March 26, 2021. Culture Entertainment Co., Ltd. will sell 0.35 million shares for ¥858 per share. At the Board of Directors meeting held on March 26, 2021, Fujisan Magazine Service resolved this transaction. The transaction is completed on March 31, 2021.
Fujisan Magazine Service Co., Ltd. is a Japan-based company mainly engaged in magazine sales support business. The Company provides support services, such as magazine subscription related order and delivery service to publishers. The Company operates magazine sales support business segment through the operating of Fujisan.co.jp and Fujisan Reader. The Company mainly engages in providing subscription services, portion sell services, digital magazine sales, bundled services, free reading services, and other related services to subscribers.
TRC Library Service Inc. agreed to acquire 10.56% stake in Fujisan Magazine Service Co., Ltd. from Culture Entertainment Co., Ltd. for approximately ¥300 million.
FUJISAN MAGAZINE SERVICE CO., LTD. 
