Yasuyuki Arakawa and Tadao Arakawa acquired majority stake in ACT INTERIOR co.,Ltd and ITEA Inc from Generation Pass Co.,Ltd. for ¥61.7 million.
November 29, 2018
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Yasuyuki Arakawa and Tadao Arakawa acquired majority stake in ACT INTERIOR co.,Ltd and ITEA Inc from Generation Pass Co.,Ltd. (TSE:3195) for ¥61.7 million on November 30, 2018. Under the terms, Yasuyuki Arakawa acquired 70% stake (1050 shares) in ACT INTERIOR co.,Ltd from Generation Pass Co.,Ltd for ¥31.5 million and Tadao Arakawa acquired 51.62% stake (302 shares) in ITEA Inc from Generation Pass Co.,Ltd. (TSE:3195) for ¥30.2 million. The transaction has been resolved by the Board of Directors of Generation Pass Co.,Ltd at the meeting held on November 30, 2018.
Yasuyuki Arakawa and Tadao Arakawa completed the acquisition of majority stake in ACT INTERIOR co.,Ltd and ITEA Inc from Generation Pass Co.,Ltd. (TSE:3195) on November 30, 2018.
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. 
