Bestone.Com Co.,Ltd agreed to acquire Ebisu Ryokan Co., Ltd. from Global Network Co., Ltd.
December 26, 2018
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Bestone.Com Co.,Ltd (TSE:6577) agreed to acquire Ebisu Ryokan Co., Ltd. from Global Network Co., Ltd. on December 26, 2018. Post completion, Ebisu Ryokan Co., Ltd. will become subsidiary of Bestone.Com Co.,Ltd. As of April 2018, Ebisu Ryokan Co., Ltd. reported total assets of ¥124.9 million and net assets of ¥1.2 million. For the accounting period April 2018, Ebisu Ryokan Co., Ltd. reported sales of ¥38.8 million, operating profit of ¥2.4 million and net income of ¥0.19 million. The Board of Directors of Bestone.Com Co.,Ltd passed a resolution for the deal on December 26, 2018. The tentative contract conclusion date is December 2018. The tentative share transfer date is December 2018.
Bestone.Com Co Ltd is a Japan-based company mainly engaged in the sale of passenger tickets and package tours of overseas and domestic cruises, mainly for individual customers. The Company provides travel products such as airline tickets, hotels, transfers and optional tours necessary for cruise trips to meet the needs of customers. The products and services are characterized by Internet sales, online reservation support, product lineup and application programming interface (API) integration.