Tokyo Kantei, K.K. completed the acquisition of 90.32% stake in Prop Tech plus Inc. from MINKABU THE INFONOID, Inc..
March 29, 2023
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Tokyo Kantei, K.K. signed a letter of intent to acquire 90.32% stake in Prop Tech plus Inc. from MINKABU THE INFONOID, Inc. (TSE:4436) on March 10, 2023. As of march 20, 2023 Tokyo Kantei, K.K. signed the definitive agreement. Tokyo Kantei, K.K. will acquire 0.56 million shares of Prop Tech plus Inc. Prop Tech plus Inc reported Total Common equity of ¥941 million, Total assets worth ¥1.08 Billion, Total Revenue of ¥1.17 billion, EBIT of ¥231 million and Net Income of ¥150 million in March 2022. The transaction is expected to complete on March 30, 2023.
Tokyo Kantei, K.K. completed the acquisition of 90.32% stake in Prop Tech plus Inc. from MINKABU THE INFONOID, Inc. (TSE:4436) on March 30, 2023.
MINKABU THE INFONOID,Inc. is a Japan-based company engaged in media business and solutions business. The Company operates in two business segments. The Media business segment includes revenue from information media for investors such as https://minkabu.jp/, https://kabutan.jp/ (Kabutan) and the like obtained from The Company and the services that The Company plays a part of the site management through business alliance, and part Record billing revenue from paid services offered at the site. In the solution business segment, the Company provides information-based FinTech solutions that processed content generated using artificial intelligence (AI) for investor information media managed by The Company and cloud input data collected on the site. It records revenue from application service provider (ASP) service to be provided to third parties, software development work accompanying them and maintenance and operation work.
MINKABU THE INFONOID, INC. 
