Smartvalue Co., Ltd. completed the acquisition of 51% stake in Storks Co., Ltd. from Jun Shibuya.
April 31, 2021
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Smartvalue Co., Ltd. (TSE:9417) agreed to acquire 51% stake in Storks Co., Ltd. from Jun Shibuya for ¥63.8 million on March 30, 2021. Smartvalue Co., Ltd. will acquire 2548 shares of Storks Co., Ltd. Post completion of the transaction, Storks Co., Ltd will operate as a subsidiary of Smartvalue Co., Ltd. For the year ended June 2020, Storks Co., Ltd. reported negative net assets of ¥29.63 million, total assets of ¥83.34 million, sales of ¥246.72 million, operating loss of 36.67 million and net loss of ¥34.37 million. The agreement is expected to be signed on April 1, 2021 and the transaction is expected to complete on April 1, 2021.
Smartvalue Co., Ltd. (TSE:9417) completed the acquisition of 51% stake in Storks Co., Ltd. from Jun Shibuya on April 1, 2021.
Smartvalue Co.,Ltd. is a Japan-based company engaged in provision of resolutions of social issues through cloud service. The Company has two business segments. The Cloud Solutions segment has regional information cloud business, cloud platform business and mobility service business. The regional information cloud business provides software as a service (SaaS) based on urban data center for local governments, public institutions and other specific industries. The cloud platform business provides infrastructure as a service/platform as a service (IaaS/PaaS) and other cloud based services through data center. The mobility service business provides mobility cloud solutions based on sales of safe driving support equipments in vehicle field. The Mobile segment provides consulting, various contract agency services and after sales services to meet customerâs needs and life styles based on the sales of mobile information and communication equipments.
SMARTVALUE CO., LTD. 
