Generation Pass Co., Ltd. completed the acquisition of 70% stake in Act Interior Co., Ltd. from Tadao Arakawa and others.
September 21, 2017
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Generation Pass Co., Ltd. (TSE:3195) signed an agreement to acquire 70% stake in Act Interior Co., Ltd. from Tadao Arakawa and others for ¥31.5 million on September 15, 2017. Under the terms of the transaction, Generation Pass will acquire 550 shares representing 55% stake from shareholders and remaining through third party capital increase. Under the capital increase, Generation Pass will acquire 500 new shares. For the year ended May 2017, Act Interior Co., Ltd. reported shareholders’ equity of ¥52.6 million, total assets of ¥347.2 million, sales of ¥287.2 million, operating loss of ¥9.4 million, and net income of ¥27.4 million. The transaction was resolved by the board of directors of Generation Pass Co., Ltd. The transaction is expected to close on September 22, 2017.
Generation Pass Co., Ltd. (TSE:3195) completed the acquisition of 70% stake in Act Interior Co., Ltd. from Tadao Arakawa and others on September 22, 2017.
GENERATION PASS CO.,LTD. is engaged in the e-commerce business and system development and film produce business. The E-Commerce (EC) Marketing segment involves EC division and EC service division. EC division collects, analyzes and sells the market data of goods related to the customersâ consumption pattern. EC support division uses the marketing data from EC marketing division, provides support services to customers. The Product Planning related segment is a project that utilizes the product data acquired by the Company's EC marketing business, and mainly engages in planning and development of products in collaboration with manufacturers. The Act Group segment is a planning and manufacturing business of bedding and interior products. The Other segment is the contract development and system development business of software and the business of food allergen test / reagent development and sales.
GENERATION PASS CO.,LTD. 
