RIZAP GROUP, Inc. completed the acquisition of 80% stake in Sankei Living Shimbun Inc. from Fuji Media Holdings, Inc.
March 31, 2018
Share
RIZAP GROUP, Inc. (SPSE:2928) concluded a contract to acquire 80% stake in Sankei Living Shimbun Inc. from Fuji Media Holdings, Inc. (TSE:4676) on March 29, 2018. Under the terms of transaction, RIZAP GROUP, Inc. will acquire 0.32 million in Sankei Living Shimbun Inc. In a related transaction, Sankei Living Shimbun Inc. will acquire 10% stake in Living Pro-Seed, Inc. from Fuji Media Holdings, Inc. For the year ended March 31, 2017, Sankei Living Shimbun Inc. reported total assets of ¥3.9 billion, net assets of ¥2.5 billion, revenue of ¥9.8 billion, operating profit of ¥6 million and net profit of ¥59 million. The transaction has been resolved by the Board of Fuji Media Holdings, Inc. The transaction is expected to be completed by March 30, 2018.
RIZAP GROUP, Inc. (SPSE:2928) completed the acquisition of 80% stake in Sankei Living Shimbun Inc. from Fuji Media Holdings, Inc. (TSE:4676) in March 2018.
Rizap Group Inc is engaged in the beauty and healthcare, lifestyle and platform businesses. The Company operates in three business segments. The Beauty and Healthcare segment operates RIZAP-related businesses such as the personal training gyms RIZAP and RIZAPGOLF, and sells body-adjusting underwear, beauty-related products, cosmetics, health foods, sports products and others. The Lifestyle segment is involved in the planning, development, manufacture, and sale of interiors, apparel miscellaneous goods, casual wear, and design twisted yarn, as well as custom housing and remodeling businesses. The Platform segment is the retail business of entertainment products and store operations in the reuse business, editing and issuing of free papers, publishing business, and the business that forms the basis of the group's entire value chain.
RIZAP GROUP, INC. 
