FueTrek Co., Ltd. completed the acquisition of Media Japan Co., Ltd. from Keiji Miyazaki, Naoko Miyazaki and 10 other shareholders.
July 03, 2017
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FueTrek Co., Ltd. (TSE:2468) concluded a contract to acquire Media Japan Co., Ltd. from Keiji Miyazaki, Naoko Miyazaki and 10 other shareholders for approximately ¥440 million on June 19, 2017. Under the terms, 5,030 shares, representing 100% stake in Media Japan Co., Ltd. will be acquired. As of June 19, 2017, Keiji Miyazaki and Naoko Miyazaki hold 82.98% and 9.94% stake in Media Japan Co., Ltd. For the year ended September 30, 2016, Media Japan Co., Ltd. had total assets of ¥114.21 million, net liabilities of (¥59.14 million), sales of ¥211.17 million, operating loss of ¥9.65 million, and net income of ¥26.06 million. The transaction was resolved by the Board of FueTrek Co., Ltd. on June 19, 2017 and is expected to close on July 3, 2017. FueTrek Co., Ltd. will pay ¥1 million of advisory costs in the transaction.
FueTrek Co., Ltd. (TSE:2468) completed the acquisition of Media Japan Co., Ltd. from Keiji Miyazaki, Naoko Miyazaki and 10 other shareholders on July 3, 2017.
FueTrek Co., Ltd. is a Japan-based company principally engaged in the licensing of software. The License segment is engaged in converting what has been developed and designed into intellectual property rights. The Video and Media segment is a video production business and an advertising agency business that perform planning, production of video such as television programs. The Others segment is the basic business field that performs entrusted development and automotive software development, the transcription business field that provides services that transcribe voice data provided by customers in characters, and the international business field that performs inbound and outbound business.
FUETREK CO., LTD. 
