Interspace Co.,Ltd. agreed to acquire Unite Project Inc. from Hideshi Furuoka.
March 17, 2020
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Interspace Co.,Ltd. (TSE:2122) agreed to acquire Unite Project Inc. from Hideshi Furuoka on March 17, 2020. Under the terms of the transaction, Interspace will acquire 2400 shares of Unite Project. For the year ended, March 31, 2019, Unite Project had net assets of ¥46.2 million, total assets of ¥10.1 million, sales of ¥14.6 million, operating income of ¥50.3 million and net income of ¥56 million. The transaction is expected to be completed by April 13, 2020.
Interspace Co., Ltd. is a Japan-based company mainly engaged in advertisement and media businesses. The Company operates through two business segment. The Internet advertising segment operates ACCESS TRADE websites and Store Front Affiliate websites, provides affiliate system and payment of remuneration to partners. It also provides consulting services for Merchant and partners. The Media Operation segment operates media sites providing childcare information for housewives and other media contents.