An unknown buyer entered into transfer agreement to acquire 10.1% stake in Higashi Ginza Printing and Publishing Co., Ltd. from Imura Envelope Co., Inc..
October 28, 2021
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An unknown buyer entered into transfer agreement to acquire 10.1% stake in Higashi Ginza Printing and Publishing Co., Ltd. from Imura Envelope Co., Inc. (TSE:3955) on October 29, 2021. The transaction involves tranfer of 9000 shares of Higashi Ginza Printing and Publishing Co., Ltd. For the year ending March 31, 2021, Higashi Ginza Printing and Publishing Co., Ltd. reported sales of 4573 million, EBIT of 678 million and Net income of 450 million. As of March 31, 2021, Higashi Ginza Printing and Publishing Co., Ltd. had total assets of 5192 million and net assets of 3781 million.
Imura & Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of various envelopes, and the delivery agency for direct mail. The Company operates through two business segments. The Package Solution segment manufactures and sells various types of envelopes, including long envelopes, square envelopes, western envelopes, window envelope and nonwoven fabric envelopes, and landscaping materials. The Mailing Service segment engages in direct mail planning, production, and delivery services, booklets and various promotional products enclosing, packing and delivery agency services, customer list management, data printing services, media matching and campaign secretariat, and logistic services. The Company also engages in the sale of computers and peripherals, the development of software, manufacture and sale of printed materials and goods for medical institutions, automatic control devices and electronic circuits for machinery and equipment.
An unknown buyer entered into transfer agreement to acquire 10.1% stake in Higashi Ginza Printing and Publishing Co., Ltd. from Imura Envelope Co., Inc..