ZIGExN Co., Ltd. agreed to acquire Sanko Advertising Inc from Mitsuko Yamamoto for ¥3.1 billion.
December 15, 2016
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ZIGExN Co., Ltd. (TSE:3679) agreed to acquire Sanko Advertising Inc from Mitsuko Yamamoto for ¥3.1 billion on December 15, 2016. ZIGExN will acquire 60 shares of Sanko. Sanko Advertising reported net assets of JPY 978 million, total assets of JPY 1.2 billion, sales of JPY 2.04 billion, EBIT of JPY 551 million, net income of JPY 357 million for the year ended on July 31, 2016. ZIGExN Co., Ltd. took a loan of ¥2.5 billion from The Bank of Tokyo-Mitsubishi UFJ and Mizuho Bank to fund the acquisition. The borrowing execution period was December 2016 - January 2017. The deal is expected to close on January 10, 2017.
ZIGExN Co.,Ltd. is a Japan-based company primarily engaged in life media platform business which integrates the information on multiple media. The Company operates in two business segments. Its Life Media Platform segment is engaged in the development, operation and maintenance of media that integrate information from multiple Internet and paper media, specialized media that matches users and customers for specific industries and regions, as well as application Service provider (ASP) services. The Life Media Platform segment includes three fields: human resources field, real estate field and living field. The Others segment is engaged in the plan, development, operation and maintenance of new development services centered on the user billing model, leveraging the knowledge of the existing life media platform business.
ZIGEXN CO., LTD. 
