Hikari Tsushin, Inc. cancelled the acquisition of 35% stake in No. 1 Partner Co., Ltd. from No.1 Co.,Ltd.
May 28, 2020
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Hikari Tsushin, Inc. (TSE:9435) agreed to acquire 35% stake in No. 1 Partner Co., Ltd. from No.1 Co.,Ltd (JASDAQ:3562) for ¥7 million on May 29, 2019. Pursuant to the terms of the transaction Hikari Tsushin, Inc will sale 700 shares of No. 1 Partner Co., Ltd. As of April 15, 2019, No. 1 Partner Co., Ltd. reported net asset and total assets of ¥20 million. The transaction is approved by the Board of Directors of No.1 Co.,Ltd. Contract signing date is May 30, 2019 and share transfer execution date is expected on May 31, 2019.
Hikari Tsushin, Inc. (TSE:9435) cancelled the acquisition of 35% stake in No. 1 Partner Co., Ltd. from No.1 Co.,Ltd (JASDAQ:3562) on May 29, 2020.
No.1 Co., Ltd. is a Japan-based company mainly engaged in the office equipment related business. The Company operates through two business segments. The Office Consultant segment is involved in the sale of office applications, and information security equipment under the brands of WALLIOR and Club One Systems, the operation of related equipment distributor business, and the provision of Internet related business, as well as management support services, including introduction of accounting, finance and labor services. The System Support segment is engaged in the maintenance of products, the sale of equipment and appliances through office mail order. The main products are copiers, multifunction peripherals (MFPs), business phones, used MFPs, and used business phones.
NO.1 CO.,LTD 
