Chuco Co., Ltd. agreed to acquire 39% stake in Kansai Pado Corporation from Noriyuki Tomioka.
June 01, 2021
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Chuco Co., Ltd. (TSE:2139) agreed to acquire 39% stake in Kansai Pado Corporation from Noriyuki Tomioka on June 1, 2021. As part of the transaction, Chuco will acquire 312 shares of Kansai Pado. one director of the Chuco will be appointed as a director of Kansai Pado on the date of the transfer of shares. Kansai reported Sales of ¥1,329 million, Total assets of ¥477 million, Operating income of ¥68 million and Net income of ¥17 million in the fiscal year ending October 2020. The transaction is expected to be completed on June 2, 2021.
Chuco Co Ltd is a Japan-based company mainly engaged in the publication and operation of the free magazine Happy Media, as well as sales promotion including advertising agency and the planning and operation of sales promotion measures. The Media Advertising segment mainly consists of paper media such as Chiiki Mitchaku Seikatsu Johoshi, Start! and others, and Internet media such as application Furimo, job information site Machi JOB, and Website Free Mall. The segment provides promotions including wide-area sales and joint distribution of various media, advertisements on media, the planning, production, and sales of sales promotion tools, the sales, and crowdfunding of digital transformation (DX) products, and others. The main products are local free magazines that consists of the latest current events, feature articles and advertising information. It also operates advertising business that develops advertising strategies, plans, and sales promotion plans, and online mail order sales.
CHUCO CO., LTD. 