Adjuvant Cosme Japan Co.,Ltd. cancelled the acquisition of 90.6% stake in Exceed System K.K. from Eiichi Maruyama, Takashi Ito and eight individual shareholders.
April 21, 2017
Share
Adjuvant Cosme Japan Co.,Ltd. (TSE:4929) entered into a basic agreement to acquire remaining 90.6% stake in Exceed System K.K. from Eiichi Maruyama, Takashi Ito and eight individual shareholders for approximately ¥320 million on April 22, 2016. Post closing, Exceed System K.K. will become a wholly owned subsidiary of Adjuvant Cosme Japan Co.,Ltd. For the period ended May 2015, Exceed System had net assets of ¥145.64 million, total assets of ¥529.41 million, sales of ¥639.28 million and operating profit of ¥18.22 million. The planned share transfer contract conclusion date is May 18, 2016 and the share transfer execution date is in June 1, 2016.
Adjuvant Cosme Japan Co.,Ltd. (TSE:4929) cancelled the acquisition of 90.6% stake in Exceed System K.K. from Eiichi Maruyama, Takashi Ito and eight individual shareholders on April 22, 2017.
Adjuvant Holdings Co Ltd, formerly Adjuvant Cosme Japan Co Ltd, is a Japan-based company mainly engaged in the planning, research, development and sale of adjuvant cosmetics, and the provision of related services. The Company is engaged in the provision of skin care products such as cleansings, facial cleanser, lotions, masks, moisturizing creams, makeup bases, makeup products and body care products, hair care products such as shampoos, treatments, scalp cleansers, scalp lotions, styling products and coloring products, as well as other products such as cloud-based management support systems and computer software related products. The Company is engaged in the provision of products to hairdressing salons, esthetic salons, nail salons, eyelash salons, beauty clinics and others.
Adjuvant Cosme Japan Co.,Ltd. cancelled the acquisition of 90.6% stake in Exceed System K.K. from Eiichi Maruyama, Takashi Ito and eight individual shareholders.
ADJUVANT HOLDINGS CO.,LTD. 
