JB Eleven Co., Ltd. acquired Heartful Work Co., Ltd. from Mitsuko Iijima on July 31, 2018.
July 31, 2018
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JB Eleven Co., Ltd. (NSE:3066) acquired Heartful Work Co., Ltd. from Mitsuko Iijima on July 31, 2018. 160 shares will be acquired as part of the deal which represents 100% stake of Heartful Work. Heartful Work Co., Ltd. will operate as a subsidiary of JB Eleven. For the period ending May 31, 2018, Heartful Work reported net assets of ¥28.75 million, total assets of ¥225.2 million, revenue of ¥346.11 million, net profit of ¥7.87 million and operating profit of ¥15.3 million. Board of JB Eleven resolved in favor of the deal on July 31, 2018.
JB Eleven Co., Ltd. (NSE:3066) completed the acquisition of Heartful Work Co., Ltd. from Mitsuko Iijima on July 31, 2018.
JB ELEVEN CO., LTD. is a Japan-based holding company engaged in the operation of restaurants. The Company operates in restaurant business through two divisions. The Quick Service division is mainly engaged in the operation of ramen restaurants under the name Ikkokukaido. The Casual Service division is involved in the operation of Chinese restaurants in casual atmosphere, under the names Long-hu dining, which serves Sichuan-style bean curd and Yangzhou fried rice, among others.