IRidge, Inc. completed the acquisition of KeySmithWorld, Inc. from Takahito Furuki.
August 08, 2019
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iRidge, Inc. (TSE:3917) concluded a basic agreement to acquire KeySmithWorld, Inc. from Takahito Furuki for ¥30.9 million on July 26, 2019. iRidge, Inc. (TSE:3917) entered into an agreement to acquire KeySmithWorld, Inc for ¥30.9 million on August 9, 2019. Under the terms of the basic agreement, iRidge will issue 111 shares for each share of KeySmithWorld. iRidge will issue a total of 0.033 million shares as consideration. As per the agreement, KeySmithWorld and iRidge will merge and iRidge will be the surviving entity. KeySmithWorld reported total assets of ¥23.3 million and net assets of ¥2.8 million as of January 31, 2019 and revenues of ¥99.96 million, operating loss of ¥0.57 million and net loss of ¥0.57 million for the year ended January 31, 2019. The transaction is resolved by the Board of iRidge. The agreement is expected to be concluded on August 9, 2019, resolution date for shareholders of KeySmithWorld is expected to be late August 2019 and is expected to be completed on October 1, 2019.
iRidge, Inc. (TSE:3917) completed the acquisition of KeySmithWorld, Inc. from Takahito Furuki on August 9, 2019.
iRidge, Inc. is a Japan-based company mainly engaged in the provision of online to offline (O2O) solution, as well as planning and support on attracting customers and sales promotion. The O2O support business is mainly engaged in attracting customers and sales promotion to actual stores, using smart phone and providing information to consumers through smart phone application incorporated the Company-owned solutions. The Company has O2O solution platform with the name of popinfo, providing the information distribution function, user management function, membership card function, point management function, coupon management function and other basic functions for attracting customers and sales promotion.
IRIDGE, INC. 
