MEDIA DO HOLDINGS Co.,Ltd. agreed to acquire Nagisa, Inc. from Nissay Capital No. 5 Investment Limited Partnership, Nissay Capital No. 6 Investment Limited Partnership and Nissay Capital No. 7 Investment Limited Partnership, managed by Nissay Capital Co., Ltd., Yoshiyuki Yokoyama and 7 minority shareholders.
October 12, 2020
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MEDIA DO HOLDINGS Co.,Ltd. (TSE:3678) agreed to acquire 68.8% stake in Nagisa, Inc. from Nissay Capital No. 5 Investment Limited Partnership, Nissay Capital No. 6 Investment Limited Partnership and Nissay Capital No. 7 Investment Limited Partnership, managed by Nissay Capital Co., Ltd., Yoshiyuki Yokoyama and 7 minority shareholders on October 13, 2020. Nagisa will operate as a subsidiary of MEDIA DO HOLDINGS. Nagisa reported total assets of ¥155 million, negative net worth of ¥9 million, sales of ¥510 million, operating loss of ¥180 million and net loss of ¥169 million for the year ended September 30, 2020. The Board of MEDIA DO HOLDINGS resolved on the transaction. The transaction is expected to close on October 30, 2020.
Media Do Co Ltd, formerly known as Media Do Holdings Co Ltd is a Japan-based company mainly engaged in the distribution of electronic books (e-books) mainly for smartphones, tablet terminals and other mobile terminals. The Company operates through two business segments. E-book Distribution segment entrusts e-book contents from publishers and other content owners, distributes them to client e-book stores, and sells them through its own e-book stores. It also engaged in the strategic planning, e-book management consultation, e-book site production and management support. The Others segment is engaged in media management, publishing and creative support services. The Company is also engaged in the operation of filer, which is a service that provides summary contents of books; the provision of electronic comic coloring, comic drawing support service; as well as the operation of the community media MyAnimeList.
MEDIA DO HOLDINGS Co.,Ltd. agreed to acquire Nagisa, Inc. from Nissay Capital No. 5 Investment Limited Partnership, Nissay Capital No. 6 Investment Limited Partnership and Nissay Capital No. 7 Investment Limited Partnership, managed by Nissay Capital Co., Ltd., Yoshiyuki Yokoyama and 7 minority shareholders.