Futaba Corporation completed the acquisition of 90% stake in kabuku Inc. from Masahiko Inada, Masahiko Adachi, CA Startups Internet Fund 1 managed by CyberAgent Ventures, Inc., GB-V Growth Fund managed by Global Brain Corporation and others.
September 06, 2017
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Futaba Corporation (TSE:6986) signed a contract to acquire 90% stake in kabuku Inc. from Masahiko Inada, Masahiko Adachi, CA Startups Internet Fund 1 managed by CyberAgent Ventures, Inc., GB-V Growth Fund managed by Global Brain Corporation and others for ¥1.4 billion on August 25, 2017. Futaba Corporation will acquire 20,330 shares as part of the transaction. kabuku Inc. had total assets of ¥377 million, net assets of ¥327 million, revenue of ¥108 million, operating loss of ¥359 million and net loss of ¥360 million as on March 31, 2017. The transaction was resolved by the Board of Directors of Futaba Corporation on August 25, 2017. The transaction is expected to complete on September 8, 2017. GCA Corporation (TSE:2174) acted as financial advisor for Kabuku.
Futaba Corporation (TSE:6986) completed the acquisition of 90% stake in kabuku Inc. from Masahiko Inada, Masahiko Adachi, CA Startups Internet Fund 1 managed by CyberAgent Ventures, Inc., GB-V Growth Fund managed by Global Brain Corporation and others on September 7, 2017.
FUTABA CORPORATION is a company mainly engaged in the manufacture and sale of electronic equipment and production equipment, among others. The Company operates in two business segments. The Electronic Device segment is engaged in the manufacture and sale of fluorescent display tubes, organic Electroluminescence (EL) display products, touch sensors, composite modules, industrial radio control equipment, hobby radio control equipment and others. The Production Equipment segment offers plate products, mold equipment, molding rationalization equipment.
Futaba Corporation completed the acquisition of 90% stake in kabuku Inc. from Masahiko Inada, Masahiko Adachi, CA Startups Internet Fund 1 managed by CyberAgent Ventures, Inc., GB-V Growth Fund managed by Global Brain Corporation and others.