Belluna Co., Ltd. acquired ICnet Co., Ltd. from Go Matsumoto.
September 05, 2019
Share
Belluna Co., Ltd. (TSE:9997) agreed to acquire ICnet Co., Ltd. from Go Matsumoto on August 6, 2019. The contract was signed on August 23, 2019. ICnet had sales of ¥1.3 billion and net income of ¥42 million in year 2018. Transaction was resolved by the Board of Directors of Belluna. The acquisition will have no significant effect on Belluna's consolidated operating results for year 2019.
Belluna Co., Ltd. (TSE:9997) completed the acquisition of ICnet Co., Ltd. from Go Matsumoto on September 6, 2019.
BELLUNA CO.,LTD. is a Japan-based company mainly engaged in the mail order business. The Company operates through seven business segments. General Mail Order segment is involved in the sale of lifestyle related products such as clothing, household goods and furniture, as well as the provision of the related business. Specialty Mail Order segment is involved in the sale of single items, as well as the sale of products specialized for specific customers. Store Sales segment is involved in the sale of clothing and kimono-related products. Solution segment is involved in the consignment business. Finance segment in involved in the provision of consumer finance business for mail order business customers. Property segment mainly includes real estate leasing business, real estate revitalization and development business and hotel business. Other segment is involved in the renting and wholesale of clothing, as well as the operation of golf courses.
BELLUNA CO., LTD. 
