Masayoshi Makino signed a basic contract to acquire MEISHI Consultant.INC from Sharingtechnology, Inc. for ¥800 million.
January 06, 2020
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Masayoshi Makino signed a basic contract to acquire MEISHI Consultant.INC from Sharingtechnology, Inc. (TSE:3989) for ¥800 million on January 7, 2020. Masayoshi Makino signed a transfer agreement to acquire MEISHI Consultant.INC from Sharingtechnology, Inc. (TSE:3989) on March 4, 2020. As per terms, all 0.036 million shares will be acquired. The process of the share transfer is subject to change. For the year ended September 30, 2019, MEISHI Consultant reported net assets of ¥1.2 billion, total assets of ¥2.1 billion, sales of ¥1.1 billion, operating income of ¥60 million and net income of ¥45 million. The Board of Directors of Sharingtechnology, Inc. resolved the deal on January 7, 2020. An agreement is expected to be concluded and the deal is expected to close by March 10, 2020.
SHARINGTECHNOLOGY.INC is a Japan-based company mainly engaged in the Web business and investment business. It operates through two business segments. WEB business is engaged in the provision of solution to life problems through the operation of the portal site Life No.110 and the specialized vertical media site in the life service area. Member stores can provide services suited to the needs of users in the websites. Main services are unlocking and replacing keys, rain and water leakage, remodeling, glass repair, pet funeral, termite extermination, bee extermination, garden maintenance related, and other accidents that occur suddenly in daily life. It is also engaged in the operation of overseas studying service Sumadome, introducing foreign students and providing study abroad procedures. The new system Mover collects the geographical location of each member store staff and realizes matching. The Investment business includes manufacturing, real estate, and private hotel business.
SHARINGTECHNOLOGY, INC. 