Housecom Corporation (JASDAQ:3275) concluded a contract to acquire Jsee Publishing Co., Ltd. from Daito Trust Construction Co.,Ltd. (TSE:1878) for approximately ¥140 million on April 26, 2019. Under the terms, Housecom Corporation will acquire 900 shares of Jsee Publishing. Post-acquisition, Jsee Publishing will become a wholly owned subsidiary of Housecom Corporation. Jsee Publishing reported net assets of ¥633 million, total assets of ¥1.33 billion, sales of ¥4.45 billion, operating profit of ¥16 million and net profit of ¥12 million for the year ended March 2019. The transaction has been resolved by the Board of Directors of Housecom Corporation at the meeting held on April 26, 2019. The transaction is expected to be completed by May 1, 2019. Stewart McLaren & Co acted as independent third party appraiser for Housecom Corporation. Housecom Corporation will pay an advisory expense of ¥1 million.

Housecom Corporation (JASDAQ:3275) cancelled the acquisition of Jsee Publishing Co., Ltd. from Daito Trust Construction Co.,Ltd. (TSE:1878) on April 26, 2020.