Arcland Sakamoto Co.,Ltd. cancelled the acquisition of Fitness Business from Vertex Co., Ltd.
July 15, 2020
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Arcland Sakamoto Co.,Ltd. (TSE:9842) agreed to acquire Fitness Business from Vertex Co., Ltd. for ¥1.8 billion on July 16, 2019. Shareholders meeting of Vertex is planned to be held on August 26, 2019. For the FY ended January 2019, Fitness Business of Vertex has sales of ¥936 million and operating income of ¥180 million. As of January 31, 2019, Vertex has total assets of ¥774 million. Board of Directors of Vertex and Arcland Sakamoto Co., Ltd. resolved the transaction on July 16, 2019. Planned implementation date is September 1, 2019.
Arcland Sakamoto Co.,Ltd. (TSE:9842) cancelled the acquisition of Fitness Business from Vertex Co., Ltd. on July 16, 2020.
Arclands Corp, formerly Arcland Sakamoto Co Ltd, is a Japan-based company mainly engaged in retail business, wholesale business, restaurant business and real estate business. The Company operates through four segments. The Retail segment sells household goods, household products, food products and other items to general consumers and professionals (contractors) through Home Centre Musashi, Super Center Musashi, Musashi Pro, NicoPet, Super Viva Home, Viva Home, arts and crafts specialist Ark Oasis, Vysees, and food specialty store Musashi Shokuhinkan. The Wholesale segment mainly sells do-it-yourself (DIY)-related products to home centers nationwide and group companies. The Restaurant segment operates restaurants such as Katsuya, a pork cutlet specialty restaurant. The Real Estate segment is engaged in the leasing of real estate. In addition, the Company also operates a sports club JOYFIT and a fitness gym FIT365.
ARCLANDS CORPORATION 
