Jorudan Co.,Ltd. agreed to acquire a 50.8% stake in Airds Co., Ltd. from Takaaki Kamei, Fujio Mimomi, Sono Kamei and others for ¥200 million.
December 04, 2022
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Jorudan Co.,Ltd. (TSE:3710) agreed to acquire a 50.8% stake in Airds Co., Ltd. from Takaaki Kamei, Fujio Mimomi, Sono Kamei and others for ¥200 million on December 5, 2022. As a part of transaction, will acquire 2500 shares. For the year ended March 31, 2022, Airds reported net worth of ¥118 million, total assets of ¥177 million, sales of ¥277 million, operating income of ¥15 million and net income of ¥8 million.
Definitive agreement is scheduled on December 8, 2022. The transaction is expected to complete on December 12, 2022.
Jorudan Co., Ltd. engages in manufacturing and sales of software Norikae used for path search and fare calculation, and provision of associated services. The Company operates through two business segments. The Transfer Guide segment engages in sales of Norikae products for personal computers and cell phones, provision of version upgrade services. It engages in sales of corporate-oriented products for corporations, provision of travel expense adjustment support, and provision of Web services for other companies and organizations. It also provides restaurant information on Internet. This segment obtains revenue through its service, including provision of pay service for mobile of Norikae, sales of advertising space and planning, as well as arrangement and sales of travel. The Multimedia segment provides content for Internet. It also provides book publishing services. The other business engages in entrust development of software and leasing of information related equipment.
JORUDAN CO.,LTD. 
