Medical Net, Inc. completed the acquisition of Okamura Co., Ltd. from Kazuo Okamura and Ayako Okamura.
November 30, 2018
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Medical Net, Inc. (TSE:3645) concluded an agreement to acquire Okamura Co., Ltd. from Kazuo Okamura and Ayako Okamura on November 22, 2018. Under the terms, Medical Net, Inc. will acquire 400 shares, representing 100% stake in Okamura Co., Ltd. Kazuo Okamura and Ayako Okamura will respectively sell 80% and 20% stake in Okamura Co., Ltd. Post completion, Okamura Co., Ltd. will become a subsidiary of Medical Net, Inc. For the year ended May 2018, Okamura Co., Ltd. had net assets of ¥28.9 million, total assets of ¥211.7 million, sales of ¥1.1 billion, operating profit of ¥2.8 million, and net profit of ¥1.3 million. The transaction was resolved by the Board of Directors of Medical Net, Inc. on November 22, 2018 and is expected to close on December 3, 2018.
Medical Net, Inc. (TSE:3645) completed the acquisition of Okamura Co., Ltd. from Kazuo Okamura and Ayako Okamura in November, 2018.
Medical Net, Inc. is a Japan-based company mainly engaged in media platform business, medical institution management support business and medical business-to-business (BtoB) business. The Company operates through three business segments. Media Platform segment operates a dedicated portal that provides specific information about the body, health, beauty and parenting. Medical Institution Management Support segment provides search engine marketing (SEM) services that includes search engine optimization (SEO) services and listing advertising (search-linked advertising) operation agency services, corporate Website creation and maintenance services, as well as agency sales services. It also operates dental clinics and sells equipment, instruments and medicines to dental clinics. Medical BtoB segment operates a BtoB portal site that includes dental workers.
MEDICAL NET, INC. 
