HITO-Communications Inc. acquired Total Creative Agency Co. Ltd. from Misao Shinomiya.
April 16, 2014 at 09:30 am IST
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HITO-Communications Inc. (TSE:3654) acquired Total Creative Agency Co. Ltd. from Misao Shinomiya on April 16, 2014. HITO-Communications acquired 0.04 million shares (100% voting power) in Total Creative Agency. Total Creative Agency reported sales of ¥1.1 billion in the year ended March 31, 2013. The Board of Directors of HITO-Communications passed a resolution for the transaction on April 16, 2014.
HITO-Communications Inc. (TSE:3654) completed the acquisition of Total Creative Agency Co. Ltd. from Misao Shinomiya on April 16, 2014.
Hito Communications Holdings Inc is a Japan-based company mainly engaged in the outsourcing business, temporary staffing business, electronic commerce (EC) and television shopping (TC) support business, and wholesale business. It operates through four segments. The Outsourcing segment undertakes a series of operations from manufacturers and telecommunications carriers. The Temporary Staffing segment dispatches staff to manufacturers, telecommunications carriers, and supermarkets and general merchandise stores (GMS) according to the needs of the destination. The EC/TC Support segment provides sales support using e-commerce and television shopping. The Wholesale segment is engaged in the manufacture and wholesale of clothing. The Company also provides system development related services, limousine services for the wealthy, land operating services for foreign tourists visiting Japan, social welfare services such as home care and group home management, and online customer services.