Kantsu Co.,Ltd. entered into an agreement to acquire an unknown stake in Spice Code Co.
April 14, 2023
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Kantsu Co.,Ltd. (TSE:9326) entered into an agreement to acquire an unknown stake in Spice Code Co., Ltd for JPY 50 million on April 14, 2023. In a related transaction, Kantsu entered into a capital and business alliance with Spice Code Co., Ltd. For fiscal year ending July 2022, Spice Code reported total assets of JPY 81 million, revenue of JPY 65 million, operating income of JPY -104 million, net income of JPY -81 million. The deal is expected to complete on September 15, 2023.
KANTSU CO.,LTD. is a Japan-based company mainly engaged in the provision of distribution center services for e-commerce (EC) customers. The Logistics Service Business segment provides four services. The order management service agency service is involved in the confirmation of the purchaser's order details in e-commerce and the acceptance of e-mail correspondence, payment confirmation, shipping instruction data creation, as well as other tasks from customers. The EC mail order logistics support service is involved in the entrustment and delivery of distribution center operations, such as storage, inventory management and delivery of products sold by customers. The software sales and use service provides system Cloud Thomas and Annie and logistics consulting service. The Rakuten Super Logistics Service is a logistics service provided mainly for Rakuten Ichiba stores. The Company also provides foreign technical intern apprentice education services and other education services.