G-Factory Co.,Ltd. entered into a basic agreement to acquire M.I.T. Co., Ltd. from Maris Holdings Co., Ltd.
January 06, 2019
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G-Factory Co.,Ltd. (TSE:3474) agreed to acquire M.I.T. Co., Ltd. from Maris Holdings Co., Ltd. on January 7, 2019. Post completion, M.I.T. Co., Ltd. shall become a subsidiary of G-Factory. Basic agreement was entered into on January 8, 2019. For the fiscal year ended May 31, 2018, M.I.T. Co., Ltd. reported net assets of ¥32.54 million, total assets of ¥821.73 million, sales of ¥972.52 million, operating income of ¥21.9 million and net income of ¥3.89 million. The transaction completion is scheduled for January 31, 2019.
As of January 28, 2019, basic agreement was cancelled and Stock transfer agreement is expected to be signed on January 31, 2019. As of January 28, 2019, the transaction completion is scheduled for March 1, 2019.
G-FACTORY CO., LTD. is a Japan-based company principally engaged in the provision of administrative support services for restaurants, as well as the operation of restaurants. The Company operates in two business segments. The Management Support segment is involved in the provision of housing information support services, interior facility support services, whole support services, as well as overseas operation package services, among others. The Restaurant segment is involved in the operation of the restaurants under the name Unatoto.
G-FACTORY CO.,LTD. 
