Fuji Card Service Co., Ltd. entered into a contract to acquire credit card business from Fuji Co., Ltd. for ¥2.8 billion.
January 07, 2013 at 04:00 am
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Fuji Card Service Co., Ltd. entered into a contract to acquire credit card business from Fuji Co., Ltd. (TSE:8278) for ¥2.8 billion on January 7, 2013. The purchase price will be paid in two rounds on March 1, 2013 and March 25, 2013. As of November 30, 2012, the credit card business had total assets of ¥2.85 billion and total liabilities of ¥12 million.
The transaction is not subject to approval from shareholders. The transaction was resolved by Board of Directors of Fuji Co. Ltd. The transaction does not include FJ card business.
The transaction is expected to close by March 1, 2013.
FUJI CO., LTD. is a Japan-based company mainly engaged in the general retail business. The Company operates through two business segments. The Retail segment is engaged in the general retail business, the sale and rental of digital versatile discs (DVDs), compact discs (CDs) and books, the operation of supermarkets, the sale of cars and pharmaceutical cosmetics. The Retail-related segment is engaged in the food production and processing, washing and cleaning of containers and machinery, food and beverage business, credit card business, general fitness club business, fruits and vegetables wholesale business, and agriculture business. The Company is also engaged in real estate leasing business, cleaning business, car leasing business, nursing care business, disability and welfare services, general building maintenance business, and general travel business.
FUJI CO., LTD. 
