Feedforce Group Inc. completed the acquisition of a 51.25% stake in Fracta, Inc. from Harizury CO., Ltd. and Makuake, Inc..
December 28, 2021
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Feedforce Group Inc. (TSE:7068) agreed to acquire 51.25% stake in Fracta, Inc. from Harizury Co., Ltd., Makuake, Inc. (TSE:4479) and Takanobu Kono on December 17, 2021. For the year ended May 31, 2021 Fracta, Inc. recorded the net assets of ¥109 million, total assets of ¥304 million, revenues of ¥486 million, EBIT of ¥7 million and net profit of ¥7 million. The deal is subject to Feedforce Group Inc. (TSE:7068) board approval. As of December 17, 2021 Feedforce Group Inc. (TSE:7068) board approved the deal. The deal is expected to close on December 24, 2021.
Feedforce Group Inc. (TSE:7068) completed the acquisition of a 51.25% stake in Fracta, Inc. from Harizury CO., Ltd. and Makuake, Inc. (TSE:4479) on December 28, 2021.
Makuake, Inc. is a Japan-based company mainly engaged in the crowdfunding business. The Company is engaged in the provision of Makuake service, Makuake Incubation Studio service and other services. The Makuake service is engaged in the operation of the crowdfunding platform Makuake, as well as the provision of matching services on the Internet for companies and individuals who want to realize and accelerate products or services using new ideas and technologies, and multiple individuals who support the projects. The Makuake Incubation Studio service is engaged in the provision of various incubation services in the products development area, such as new products planning, partners matching to realize planning, project strategy planning and marketing report creation. The other services is engaged in the provision of electronic commerce (EC) site management services, advertising distribution services, Makuake SHOP services and sales channel introduction services.
MAKUAKE, INC. 
