Impress Holdings, Inc. agreed to acquire Ikaros Publications Ltd. from Tomotake Ichi and Shigeyo Shioya for ¥1.3 billion.
July 26, 2021
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Impress Holdings, Inc. (TSE:9479) agreed to acquire Ikaros Publications Ltd. from Tomotake Ichi and Shigeyo Shioya for ¥1.3 billion on July 27, 2021. As per terms of transaction, Impress Holdings, Inc. will acquire 0.032 million shares. Tomotake Ichi and Shigeyo Shioya hold 30% stake and 25.6% stake respectively. Post completion, Ikaros Publications Ltd. will operate as a wholly owned subsidiary of Impress Holdings, Inc. As on June 30, 2020, Ikaros Publications Ltd. reported net assets of ¥1.34 billion, total assets of ¥1.718 billion, sales of ¥1.327 billion, net income of ¥-55 million and operating income of ¥-70 million. Transaction is expected to complete on August 2, 2021. The impact of this matter on the Impress Holdings, Inc. consolidated financial results for the current fiscal year is currently under scrutiny.
Impress Holding, Inc. is a holding company mainly engaged in the media business with six segments. The Information Technology (IT) segment is engaged in the planning, production and sale of digital media, the publication of magazines, mooks and books, as well as the production of sales promotion products in IT field. The Music segment provides digital media and magazines, mooks, books and video products in music field. The Design segment offers digital media and publications in design field. The Mountain and Nature segment provides digital media and publications in mountain and nature field. The Mobile Service segment is engaged in the planning and production of mobile media and digital books, and the provision of mobile terminal services. The Others segment operates publishing businesses.
IMPRESS HOLDINGS, INC. 
