Cisco Co., Ltd. signed an agreement to acquire 52.63% stake in S.Y.S. Co., Ltd. and 100% stake in Hokuto Printing Co., Ltd. from RIZAP GROUP, Inc. for ¥1.3 billion.
December 27, 2020
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Cisco Co., Ltd. signed an agreement to acquire 52.63% stake in S.Y.S. Co., Ltd. and 100% stake in Hokuto Printing Co., Ltd. from RIZAP GROUP, Inc. (SPSE:2928) for ¥1.3 billion on December 28, 2020. As per terms of transaction, Cisco Co., Ltd. will acquire 200 shares of each S.Y.S. Co., Ltd. and Hokuto Printing Co., Ltd. S.Y.S. Co., Ltd. reported total assets of ¥2.3 billion, net income of ¥-126 million, EBIT of ¥-109 million, sales of ¥3.8 billion and net assets of ¥-301 million. Hokuto Printing Co., Ltd. reported total assets of ¥1.1 billion , net income of ¥52 million, EBIT of ¥62 million, sales of ¥1812 million and net assets of ¥492 million.
Rizap Group Inc is engaged in the beauty and healthcare, lifestyle and platform businesses. The Company operates in three business segments. The Beauty and Healthcare segment operates RIZAP-related businesses such as the personal training gyms RIZAP and RIZAPGOLF, and sells body-adjusting underwear, beauty-related products, cosmetics, health foods, sports products and others. The Lifestyle segment is involved in the planning, development, manufacture, and sale of interiors, apparel miscellaneous goods, casual wear, and design twisted yarn, as well as custom housing and remodeling businesses. The Platform segment is the retail business of entertainment products and store operations in the reuse business, editing and issuing of free papers, publishing business, and the business that forms the basis of the group's entire value chain.
Cisco Co., Ltd. signed an agreement to acquire 52.63% stake in S.Y.S. Co., Ltd. and 100% stake in Hokuto Printing Co., Ltd. from RIZAP GROUP, Inc. for ¥1.3 billion.
RIZAP GROUP, INC. 
