MUFG Bank, Ltd. completed the acquisition of a 57.8% stake in Kanmu, Inc. from FreakOut Holdings, inc. and Wataru Yamaki.
March 30, 2023
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MUFG Bank, Ltd. signed a share transfer agreement to acquire a 57.8% stake in Kanmu, Inc. from FreakOut Holdings, inc. (TSE:6094) and Wataru Yamaki for ¥14.3 billion on December 27, 2022. Where Wataru Yamaki holds 43.4% stake and Freakout Holding holds 14.4% in Kanmu. Board of Directors, approved and concluded the agreement as the terms and conditions of the Transaction. The Kanmu had net assets of ¥1.554 billion, total assets of ¥12.485 billion, net sales of ¥3.885 billion, operating loss of ¥358 million and net income of ¥80 million for the year ended December 31, 2021. Mitsubishi UFJ Morgan Stanley Securities is advising FreakOut.
MUFG Bank, Ltd. completed the acquisition of a 57.8% stake in Kanmu, Inc. from FreakOut Holdings, inc. (TSE:6094) and Wataru Yamaki on March 31, 2023.
FreakOut Holdings, inc. is a Japan-based company primarily engaged in the demand site platform business. The Company focusing on big data analysis technology which analyzes the behavior web log, advertising contact history data and purchase information in real time. The Company primarily provides DSP (FreakOut) and DMP (MOTHER) to improve the advertising effectiveness. In its DSP (FreakOut) business, it performs real-time placement transaction in Internet advertising, while it its DMP (MOTHER) business, the advertisers analyze the big data including site access data, advertising delivery data, membership data and purchase data using analysis software development by the company to support its marketing channel.
FREAKOUT HOLDINGS, INC. 
