POLA Orbis Holdings Inc. entered into share transfer agreement to acquire the remaining 89.44% stake in tricot inc. from XTech Ventures Co., Ltd., Kana Hanafusa and others for ¥3.3 billion.
February 11, 2021
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POLA Orbis Holdings Inc. (TSE:4927) entered into share transfer agreement to acquire the remaining 89.44% stake in tricot inc. from XTech Ventures Co., Ltd., Kana Hanafusa and others for ¥3.3 billion on February 12, 2021. Kana Hanafusa will sell 59.83%, XTech Ventures Co., Ltd. will sell 20% and Others will sell 9.61% stake in tricot inc. POLA Orbis Holdings Inc. will acquire 16,100 shares of tricot inc. The transaction shall be financed by internally available funds of POLA Orbis Holdings Inc. tricot inc. reported net assets of ¥14 million, total assets of ¥98 million, net sales of ¥173 million, operating loss of ¥160 million and loss attributable to owners of parent of ¥158 million for the year ended March 31, 2020. The board of directors of POLA Orbis Holdings Inc. resolved the deal. The transaction is expected to complete from March to April 2021.
POLA ORBIS HOLDINGS INC. is a Japan-based holding company mainly engaged in the development, manufacture and sale of cosmetics. The Company operates through two business segments. The Beauty Care segment is engaged in the manufacture and sale of cosmetics, health foods, as well as sales of fashion items including ladies' underwear, women's clothing and jewelry. The brand includes POLA, ORBIS, ORLANE, DECENCIA, THREE, H2O, PLUS, Jurlique and other. The Real Estate segment is engaged in leasing of real estate properties, including office buildings and condominium. The other business is engaged in medical business and building maintenance business.
POLA Orbis Holdings Inc. entered into share transfer agreement to acquire the remaining 89.44% stake in tricot inc. from XTech Ventures Co., Ltd., Kana Hanafusa and others for ¥3.3 billion.
POLA ORBIS HOLDINGS INC. 
