Yahoo Japan Corporation completed the acquisition of an additional 16.7% stake in Astmax Asset Management, Inc. from ASTMAX Co., Ltd..
April 01, 2019
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Yahoo Japan Corporation (TSE:4689) agreed to acquire additional 16.7% stake in Astmax Asset Management, Inc. from ASTMAX Co., Ltd. (JASDAQ:7162) for approximately ¥850 million on March 13, 2019. Under the terms of the transaction, Yahoo Japan Corporation will acquire 0.012 million shares of Astmax Asset Management, Inc for ¥71700 per share. Post completion of the transaction, Yahoo Japan Corporation will hold 50.1% stake in Astmax Asset Management, Inc. As of March 31, 2018, Astmax Asset Management, Inc. reported net assets of ¥793 million, revenue of ¥2.01 billion, total assets ¥1.14 billion, operating profit of ¥221 million and net income of ¥152 million. The transaction is expected to complete on April 1, 2019.
Yahoo Japan Corporation (TSE:4689) completed the acquisition of an additional 16.7% stake in Astmax Asset Management, Inc. from ASTMAX Co., Ltd. (JASDAQ:7162) on April 1, 2019.
Astmax Co Ltd is a holding company. The Company operates in four business segments through its subsidiaries. The Asset Management segment is performing fund of funds business that invests in hedge funds, private equity funds, and venture capital fund management business that invests in venture companies. It also focuses on the funded long-term asset formation business for individual investors. In the Dealing segment, the domestic commodity futures market is centered on the overseas futures market, and the operation business is carried out on its own account using the over-the-counter market (OTC market) that does not go through an exchange. The Renewable Energy Related segment is engaged in the power generation and electricity supply using renewable energy. The Power Trading Related segment is engaged in the provision of business agency services and systems for business related to retail electric power companies. The other business aims at agricultural practice.
ASTMAX CO., LTD. 
