Cocolonet CO., LTD. completed the acquisition of Kigetsudo Holdings Co., Ltd. from Saori Hosaka, Manami Hayashi and Naomi Izumisawa.
September 31, 2023
Share
Cocolonet CO., LTD. (TSE:6060) entered into an agreement to acquire Kigetsudo Holdings Co., Ltd. from Saori Hosaka, Manami Hayashi and Naomi Izumisawa on July 20, 2023. As of February 2023, Kigetsudo Holdings reported Net assets of JPY 331.779 million, total assets of JPY 576.172 million, revenue of JPY 29.2 million, operating income of JPY 29.111 million, and net income of JPY 22.854 million. The deal is expected to close on September 1, 2023.
Cocolonet CO., LTD. (TSE:6060) completed the acquisition of Kigetsudo Holdings Co., Ltd. from Saori Hosaka, Manami Hayashi and Naomi Izumisawa on September 1, 2023.
Cocolonet CO.,LTD. is a Japan-based pure holding company mainly engaged in funerary business and related business. The Company operates in seven business segments. The Funerary segment involves in hosting of funeral ceremonies. The Stone Wholesale segment involves in wholesale business such as stone towers for stone retailers. The Stone Retail segment involves in sale of stone towers to general consumers. The Wedding segment involves in hosting of wedding ceremonies. The Fresh Flower segment involves in manufacturing, wholesale and retail of fresh flowers and artificial flowers products. The Mutual Aid Association segment involves in management of the association of ceremonies of coming of age, marriage, burial, and ancestral worship. The Nursing Care segment involves in management of housing for elderly with services, and nursing care support business.