Charle Co.,Ltd. agreed to acquire Tanaka Metal Factory CO., LTD. from Kazuhiro Tanaka.
July 31, 2020
Share
Charle Co.,Ltd. (TSE:9885) agreed to acquire Tanaka Metal Factory CO., LTD. from Kazuhiro Tanaka on July 31, 2020. Under the terms of the transaction, the payment method is cash payment. Charle Co.,Ltd. will acquire 200 shares of Tanaka Metal Factory CO., LTD. For the year ended October, 2019, Tanaka Metal Factory CO., LTD. had net worth of ¥234 million, total assets of ¥382 million, sales of ¥511 million, operating income of ¥62 million and net income of ¥54 million. On July 31, 2020, the transaction was decided and resolved by the Board of Directors of Charle Co.,Ltd. The share transfer agreement date is August 3, 2020. The stock transfer execution date is August 17, 2020.
CHARLE CO., LTD. is a Japan-based company principally engaged in the wholesale of women's underwear. The women's underwear anchored clothing and cosmetics wholesale business sells clothes, focusing on women's underwear, as well as cosmetics and others, produced in Japan and overseas subcontract factories. The Company operates door-to-door sale and mail order sale business through its business members, via home party-style fitting sessions for membership and general consumers.
CHARLE CO.,LTD. 
