USEN-NEXT HOLDINGS Co.,Ltd. completed the acquisition of Toremoro Inc. from Founder Foundry Fund No. 1 managed by NOW, Inc. and Yoshihito Nakano.
September 31, 2023
Share
USEN-NEXT HOLDINGS Co.,Ltd. (TSE:9418) agreed to acquire 95.6% stake in Toremoro Inc. from Founder Foundry Fund No. 1 managed by NOW, Inc. and Yoshihito Nakano for ¥77 million on August 23, 2023. Acquisition method Own funds. Yoshihito Nakano holds 85.5% stake in Toremoro Inc. A separate advisory fee of approximately ¥5 million is expected. Toremoro Inc. reported financial for the fiscal year ended May 2023, revenue ¥28.03 million, net assets of ¥-21.86 million, total assets of ¥28.03 million, operating income of ¥-63.77 million, net income of ¥-64.45 million. The Execution date of the share transfer agreement is August 28, 2023 (planned). Share acquisition date September 1, 2023 (planned).
USEN-NEXT HOLDINGS Co.,Ltd. (TSE:9418) completed the acquisition of Toremoro Inc. from Founder Foundry Fund No. 1 managed by NOW, Inc. and Yoshihito Nakano on September 1, 2023.
U-Next Holdings Co Ltd, formerly known as Usen Next Holdings Co Ltd, is a Japan-based company engaged in the store service business and telecommunications business. The Company operates through five business segments. The Content Distribution segment provides and sells the video distribution service U-NEXT for individuals. The Store Services segment engages in the provision, sale, and construction store solutions, the provision of customer attraction support for restaurants, the management and development of music copyright. This segment also provides other solutions necessary for store operations. The Telecommunications segment provides services to corporations under the USEN GATE02 brand, and broadband Internet lines for individuals. The Commercial Systems segment provides automatic payment machines and front desk management systems for medical institutions and hotels. The Energy segment provides energy consulting services, including low-voltage power, high-voltage power, and others.