Acrodea, Inc. cancelled the acquisition of EMICIA Co.,Ltd. from Emiko Isogami and E-MIRAI Co., Ltd.
January 06, 2017
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Acrodea, Inc. (TSE:3823) entered into contract to acquire EMICIA Co.,Ltd. from Emiko Isogami and E-MIRAI Co., Ltd. for approximately ¥130 million on May 13, 2016. Under the terms of the transaction, Acrodea will acquire 1,048 shares in EMICIA which represents 100% stake in EMICIA. EMICIA will operate Acrodea as wholly owned subsidiary. During the year ended September 2015, EMICIA Co.,Ltd. had net liabilities of ¥16 million, total assets of ¥7 million, sales of ¥8 million, operating loss of ¥24 million, and net loss of ¥24 million. The corporate resolution date is May 13, 2016. The transaction is expected to close on June 1, 2016.
Acrodea, Inc. (TSE:3823) cancelled the acquisition of EMICIA Co.,Ltd. from Emiko Isogami and E-MIRAI Co., Ltd. on January 6, 2017.
The Why How Do Company Inc is a Japan-based company mainly engaged in the solution business, restaurant-related business and education-related business. The Company operates through three segments. The Solution business segment mainly consists of the platform field, which develops platform solutions for smartphones, internet of things (IoT)-related solutions, and systems for bingo; the content services field, which develops social games and application-related products and contracted games; and other contracted development projects. The Restaurant-related business segment is engaged in real estate subleasing, trademark rights management, and restaurant business. The Education-related business segment mainly operates seminars on information technology (IT) schools for job seekers, which have a training period of about half a year.
THE WHY HOW DO COMPANY, INC. 
