Tsutaya Co., Ltd. cancelled the acquisition of remaining 66.6% stake in Tagajo Tsutaya Co., Ltd. from HOTMAN Co., Ltd..
October 10, 2017
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Tsutaya Co., Ltd. entered into an agreement to acquire remaining 66.6% stake in Tagajo Tsutaya Co., Ltd from HOTMAN Co., Ltd. (JASDAQ:3190) on October 11, 2016. Under the terms, 666 shares will be acquired and the existing joint venture contract between the companies will be cancelled. As on March 31, 2016, Tagajo Tsutaya Co., Ltd reported Sales of ¥7 million, Net loss of ¥10 million, Total assets of ¥196 million and nil net assets. The shareholders of HOTMAN Co., Ltd. resolved the transaction. The transaction is expected to close on October 12, 2016.
Tsutaya Co., Ltd. cancelled the acquisition of remaining 66.6% stake in Tagajo Tsutaya Co., Ltd. from HOTMAN Co., Ltd. (JASDAQ:3190) on October 11, 2017.
HOTMAN Co., Ltd. is a Japan-based company principally engaged in the automotive supplies and automotive-related business. The Company operates in three business segments. The YellowHat segment is engaged in the sale, installation, inspection and maintenance of car supplies. The TSUTAYA segment is engaged in the rental and sale of digital versatile discs (DVDs), compact discs (CDs) and books. The UP GARAGE segment is engaged in the purchase and sale of used car supplies. The Company is also engaged in the retail and purchase of cars, the sale of Daiso products and lotteries, the operation of Internet cafes, amusement facilities and coffee shops, as well as the real estate leasing business.
HOTMAN CO.,LTD. 
