Human Creation Holdings, Inc. completed the acquisition of Cosmopia Co., Ltd. from Midori Ogura and Masayoko Muto.
April 31, 2022
Share
Human Creation Holdings, Inc. (TSE:7361) concluded a contract to acquire Cosmopia Co., Ltd. from Midori Ogura and Masayoko Muto for ¥300 million on February 28, 2022. As part of the transaction, Human Creation will acquire 320 shares of which 70% shares will be acquired from Midori Ogura and 30% from Masayoko Muto. Post-completion, Cosmopia Co., Ltd. will become a wholly owned subsidiary of Human Creation Holdings, Inc. For the fiscal year ended September 2021, Cosmopia reported net worth of ¥208 million, total assets of ¥297 million, sales of ¥424 million, operating income of ¥47 million and net income of ¥32 million. The transaction is resolved by the Board of Human Creation and is expected to complete on April 1, 2022. Human Creation will pay an advisory fee of ¥31 million.
Human Creation Holdings, Inc. (TSE:7361) completed the acquisition of Cosmopia Co., Ltd. from Midori Ogura and Masayoko Muto on April 1, 2022.
Human Creation Holdings Inc is a Japan-based company mainly engaged in engineer dispatch business through its subsidiaries. The Companyâs main business is the system solution service business. The system solution service business is an engineer dispatch business that participates in development projects such as in-house system construction for companies entrusted via major customers, and it develops and maintains systems based on the resident of engineers at client companies. In addition, the Company also builds a system directly entrusted by the end user who is the user of the system. The company is providing services for the financial services industry, manufacturing and distribution industry, energy industry, public and medical industry, as well as telecommunications and media industry.