S Line Co.,Ltd. (TSE:9078) entered into a share transfer agreement to acquire Create Co., Ltd. on August 30, 2022. Upon completion, Create Co. will become a consolidated subsidiary of S Line Co.
The Create Co. had net of Ã144 million, total assets of Ã600 million, sales of Ã1318 million, operating income of Ã74 million and net income of Ã16 million, for the fiscal year ending February 2022. The current Representative Director Kazunori Watanabe will be appointed as a Director.
The transaction is expected to close on September 30, 2022. The transaction will result in further expansion of S LineÃs business. The impact of this share acquisition on S LineÃs consolidated results for the current fiscal year is under investigation and will be promptly announced as soon as it becomes clear.