JAPAN Creative Platform Group Co., Ltd. (TSE:7814) acquired Am Co., Ltd. and a 49.11% stake in Daiko Senden K.K. from Aiko Yamada, Momoko Matsuda, Etsuko Yamada and Yoshihisa Yamada for approximately Ñ610 million on October 26, 2022. As part of the transaction, JAPAN Creative Platform acquires 60 shares representing 100% stake in Am Co., Ltd. from Aiko Yamada, Momoko Matsuda, and Yoshihisa Yamada for Ñ219 million and 49,112 shares, representing 49.11% stake in Daiko Senden K.K. from Aiko Yamada, Momoko Matsuda, Etsuko Yamada and Yoshihisa Yamada for Ñ392 million. JAPAN Creative directly now holds 49.11% stake in Daiko Senden and the remaining 50.8% stake indirectly through Am Co., Ltd. For the Fiscal year ending April, 2022, Am Co., Ltd. reported Net assets of Ñ25 million, total assets of Ñ253 million, Sales of Ñ10 million, Operating profit of Ñ3 million and Net income of 4 million. For the Fiscal year ending April, 2022, Daiko Senden reported Net assets of Ñ840 million, total assets of Ñ1,175 million, Sales of Ñ731 million, Operating profit of Ñ80 million and Net income of Ñ42 million. The transaction is resolved by the board of JAPAN Creative Platform on October 26, 2022. The impact of the transaction on the consolidated performance of JAPAN Creative Platform for the fiscal year ending December 31, 2022 is expected to be minor.
JAPAN Creative Platform Group Co., Ltd. (TSE:7814) completed the acquisition of Am Co., Ltd. and a 49.11% stake in Daiko Senden K.K. from Aiko Yamada, Momoko Matsuda, Etsuko Yamada and Yoshihisa Yamada on October 26, 2022.