RIZAP GROUP, Inc. concluded a contract to acquire remaining 10% stake in SYS, Inc. from Ikuo Shimizu for approximately ¥190 million.
August 12, 2018
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RIZAP GROUP, Inc. (SPSE:2928) concluded a contract to acquire remaining 10% stake in SYS, Inc. from Ikuo Shimizu for approximately ¥190 million on August 13, 2018. Under the transaction, RIZAP GROUP, Inc. acquires 20 shares. Post transfer, SYS, Inc. will become a wholly owned unit of RIZAP GROUP, Inc. The transaction has been resolved by the Board of RIZAP GROUP, Inc. The transaction is expected to be completed by August 13, 2018.
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.
RIZAP GROUP, INC. 
