Interlife Holdings Co., Ltd. cancelled the acquisition of GSK Co., Ltd. from Yoshito Kunimoto.
June 17, 2016
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Interlife Holdings Co., Ltd. (JASDAQ:1418) concluded a contract to acquire GSK Co., Ltd. from Yoshito Kunimoto for ¥1.2 billion on June 18, 2015. Interlife Holdings Co will acquire 100 shares of GSK Co., Ltd. In a related transaction, Interlife Holdings Co., Ltd. (JASDAQ:1418) concluded a contract to acquire Grand Staff Co., Ltd. After the transaction, GSK Co Ltd will operate as a subsidiary of Interlife Holdings. GSK Co., Ltd reported total assets of ¥641 million, net assets of ¥500 million, sales of ¥973 million, operating profit of ¥123 million and net profit of ¥97 million during the year ending March 2015. The Board of Directors of Interlife Holdings passed a resolution for the transaction on June 18, 2015. The transaction is expected to complete on June 22, 2015. The estimated advisory expenses for both the transactions amount to ¥51.85 million.
Interlife Holdings Co., Ltd. (JASDAQ:1418) cancelled the acquisition of GSK Co., Ltd. from Yoshito Kunimoto on June 18, 2016.
INTERLIFE HOLDINGS CO., LTD. is engaged in store-related businesses. The Company operates in four segments. The Construction segment includes interior design of stores and offices, design of amusement stores, sound and lighting equipment, cleaning and maintenance of buildings. The Staffing Services segment includes staffing, education and training businesses. The Store Service segment is engaged in sales of mobile phones, and the provision of agency services for mobile communication services. The Real Estate segment brokers and leases real estate.
INTERLIFE HOLDINGS CO., LTD. 
