Adventure Inc. agreed to acquire Cosmic GC System Co., Ltd. from Isamu Hirugawa, Reiko Hirugawa and Takahiro Doi for ¥14 million.
January 22, 2018
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Adventure Inc. (TSE:6030) agreed to acquire Cosmic GC System Co., Ltd. from Isamu Hirugawa, Reiko Hirugawa and Takahiro Doi for ¥14 million on January 22, 2018. Adventure Inc. will acquire 200 shares and Isamu Hirugawa, Reiko Hirugawa and Takahiro Doi will sell 110 shares (55% stake), 85 shares (42.5% stake) and 5 shares (2.5% stake) of Cosmic GC System. Post transaction, Adventure Inc. will own 100% stake in Cosmic GC System. In a related transaction, Adventure Inc. agreed to acquire Japan Cosmic Ryutuu Sangyou Ltd., Inc. from Isamu Hirugawa, Reiko Hirugawa, Takahiro Doi and Seiichiro Hirugawa for ¥635 million on January 22, 2018. Post transaction, Cosmic GC System will operate as a subsidiary of Adventure Inc. Cosmic GC System reported net assets of ¥21 million, total assets of ¥223 million, sales of ¥5.9 billion and net income of ¥2 million for the year ended September 30, 2017. The transaction is resolved by the Board of Adventure Inc on January 22, 2018. The transaction is expected to complete in February, 2018. The advisory expense for the transaction is ¥1 million.
Adventure Inc is a Japan-based company mainly engaged in consumer business to sell products and provide services to individuals and companies as well as investment business to invest in businesses and companies that can expect capital returns. The Company operates in two segments. The Consumer segment involves in the provision of travel goods and services, sales of tickets and sports apparel etc. The Investment segment involves in the investment to businesses or companies which has good potential and can expect capital returns.
ADVENTURE, INC. 
