BuySell Technologies Co.,Ltd. entered into a basic agreement to acquire MUSUBI CO., Ltd. for ¥4.5 billion.
January 19, 2024
Share
BuySell Technologies Co.,Ltd. (TSE:7685) entered into a basic agreement to acquire MUSUBI CO., Ltd. for ¥4.5 billion on January 19, 2024. For period ended November 2023, MUSUBI reported net worth of ¥479 million, sales of ¥4.9 billion, operating income of ¥473.8 million, net income of ¥354.7 million and gross assets of ¥1.2 billion. As on February 14, 2024 parties entered into agreement The transaction is expected to complete on March 15, 2024.
BuySell Technologies Co., Ltd. is a Japan-based company mainly engaged in the online reuse business. The Company is engaged in the provision of Speed Kaitori and Kaitori Premium platforms that provide comprehensive reuse services through three methods, including business trip visit purchase, home delivery purchase and carry-in purchase. The main products handled are kimonos, stamps, old coins, precious metals, jewelry, branded goods, watches, antiques, fur, liquor and other products. The sales business is mainly engaged in the corporate sales business through the secondhand goods market and auctions for vendors, as well as the provision of an electronic commerce (EC) site Speed Kaitori Online for general consumers. The Company is also engaged in the operation of a smartphone app CAPPY that can sale used cars. The Company is engaged in the provision of marketing, call center, authenticity appraisal and assessment, purchase, inventory management, sale and other reuse related services.
BUYSELL TECHNOLOGIES CO.,LTD. 