NSD Co., Ltd. agreed to acquire 89.5% stake in Art Holdings Co.,Ltd. from Mugenkikaku Co., Ltd.
February 26, 2023
Share
NSD Co., Ltd. (TSE:9759) agreed to acquire 89.5% stake in Art Holdings Co.,Ltd. from Mugenkikaku Co., Ltd. on January 31, 2023. NSD Co., Ltd. entered into transfer agreement to acquire 89.5% stake in Art Holdings Co.,Ltd. from Mugenkikaku Co., Ltd. on February 27, 2023. As part of transaction, NSD will acquire 900 shares.
For the period ended July 31, 2022, Art Holdings reported total assets of ¥4.2 billion, net assets of ¥1.7 billion, revenue of ¥297 million and operating loss of ¥61 million. The transaction is expected to complete on April 3, 2023.
NSD CO., LTD. is a Japan-based company primarily engaged in the provision of system services and real estate rental business. The Company operates in two business segments. The System Solution Services segment is engaged in the development of software, as well as the operation and management of computer labs and the provision of information processing services. This segment also sells packaged software and system equipment related to total software. The Real Estate Leasing segment is involved in the real estate leasing business.
NSD CO., LTD. 
