Yutaka Shoji Co., Ltd. completed the acquisition of EVOLUTION JAPAN co ., Ltd.
November 06, 2017
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Yutaka Shoji Co., Ltd. (JASDAQ:8747) signed a basic agreement to acquire EVOLUTION JAPAN co ., Ltd. for ¥1.2 billion on September 6, 2017. Yutaka Shoji Co., Ltd. concluded a contract to acquire EVOLUTION JAPAN co ., Ltd. on October 4, 2017. EVOLUTION JAPAN co., Ltd. reported operating revenues of ¥2.17 billion and operating income of ¥240.21 million in 2016. The execution of the transaction based on the final contract is subject to approval / authorization from regulatory authorities as required by applicable laws and regulations. The Board of Directors of Yutaka Shoji Co., Ltd. resolved to sign a basic agreement with EVOLUTION JAPAN co., Ltd. on September 6, 2017. The resolution for signing of business transfer agreement and business transfer is expected to be between October, 2017 to November, 2017. As on October 4, 2017, the transaction is expected to be completed by November 6, 2017.
Yutaka Shoji Co., Ltd. (JASDAQ:8747) completed the acquisition of EVOLUTION JAPAN co ., Ltd. on November 6, 2017.
Yutaka Trusty Securities Co Ltd, formerly as Yutaka Shoji Co Ltd is a Japan-based company mainly engaged in the commodity futures trading business and training facilities management business. The commodity futures trading business is engaged in the consignment and self-sales services for listed products such as general soybeans, corn, gold, platinum, gasoline, and rice from each commodity exchange. The Company is also engaged in the consignment and self-trading operations for the Tokyo Stock Exchange's exchange stock index margin trading Click 365 and margin trading Click 365. The real estate management business is engaged in the management business for training facilities.
YUTAKA TRUSTY SECURITIES CO., LTD. 