GFA Co., Ltd. completed the acquisition of 80% stake in Fifty One Co., Ltd from Yasuhiro Nagao.
November 04, 2022
Share
GFA Co., Ltd. (TSE:8783) agreed to acquire 80% stake in Fifty One Co., Ltd from Yasuhiro Nagao for ¥110 million on September 14, 2022. The transaction is expected to close on October 11, 2022. GFA Co., Ltd. will issue 4,625 shares for every share of Fifty One. As of October 7, 2022, transaction is expected to close on November 4, 2022. For the fiscal year ended, March 31, 2022, Fifty One ¥456.6 million, total assets of ¥1.4 billion, Sales of ¥1.2 billion, and operating loss of ¥502.7 million. Tokyo Financial Advisers Co., Ltd. acted as a financial advisor and Minato International Group LPC acted as a due diligence provider to GFA.
GFA Co., Ltd. (TSE:8783) completed the acquisition of 80% stake in Fifty One Co., Ltd from Yasuhiro Nagao on November 4, 2022. GFA Co., Ltd. issue 880,000 shares as part of the consideration.
GFA Co Ltd is mainly engaged in financial services business, cyber security business, space production business and game business. The Company operates through four segments. The Financial Services business segment is mainly engaged in financial advisory business, investment and loan business and real estate investment business. The Cyber Security business segment is mainly engaged in the sale of cyber security products. The Space Production business segment produces store spaces and operates restaurants and accommodation facilities. The Game business segment is mainly engaged in the development of game applications, as well as the holding and operation of e-sports competitions.