Panorama Co., Ltd. completed the acquisition of an additional 10.9% stake in Azoom Co.,Ltd from Yoji Sugada.
May 13, 2021
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Panorama Co., Ltd. agreed to acquire an additional 10.9% stake in Azoom Co.,Ltd (TSE:3496) from Yoji Sugada on May 13, 2021. As reported, Yoji Sugada, President and Chief Executive Officer of Azoom Co.,Ltd plans to transfer 320,000 shares of Azoom Co.,Ltd to Panorama Co., Ltd. Following the transaction, Yoji Sugada will hold 727,600 shares representing 24.74% stake while Panorama Co., Ltd. will increase its stake from 24.48% to 35.36% in Azoom Co.,Ltd. The planned purchase date is May 14, 2021.
Panorama Co., Ltd. completed the acquisition of an additional 10.9% stake in Azoom Co.,Ltd (TSE:3496) from Yoji Sugada on May 14, 2021.
AZoom Co Ltd is a Japan-based company primarily engaged in idle asset utilization business and visualization business. The Company operates in two business segments. The Idle Asset Utilization segment operates the monthly parking lot portal site CarParking and provides a monthly parking lot introduction service that introduce parking lots, as well as renting vacant parking lots from parking lot owners and subleasing them to users as monthly parking lots. The Company's business focuses on monthly parking sublease services. The Company also offer SMART KUKANYOYAKU, a Web reservation system that supports the operation of rental spaces such as conference rooms, gyms, studios and others, Coupa Search, a portal site for hourly parking lots, AdWall, a search site for outdoor advertising spaces. The Visualization segment utilizes specialized skills 3D computer graphics (3DCG) technology to help explain how buildings and spaces are used and how to visualize the finished product.
AZOOM CO.,LTD 
