Higashi Twenty One Co., Ltd. agreed to acquire the remaining 80% stake in World Corporation Inc. from the President of World Corporation for ¥34 million.
January 30, 2020
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Higashi Twenty One Co., Ltd. (TSE:9029) agreed to acquire the remaining 80% stake in World Corporation Inc. from the President of World Corporation for ¥34 million on January 31, 2020. For the year ended August 2019, World Corporation had net assets of ¥41.8 million, total assets of ¥181.4 million, sales of ¥670.5 million, operating income of ¥41.1 million and net income of ¥31.1 million. The transaction is expected to be completed by March 31, 2020.
HIGASHI TWENTY ONE CO., LTD. is a company mainly engaged in the logistics business. The Company operates in four business segments. The Transportation segment is engaged in the provision of various services, including delivery, office moving, reverse logistics, information technology (IT)-related business, delivery services in office buildings and mailing, as well as the store facility-related business. The Warehouse segment is engaged in the provision of product storage and document services. The Merchandise Sale segment is engaged in the sale of office automation (OA) toners and packaging materials. The Welfare segment provides latest bed, wheelchair and other welfare equipment to nursing care supporters. The others business is involved in the parking lot business, the operation of business support centers, the rental of welfare equipment, the erasure of personal computer (PC) data, the development and sale of software, the digital solution business, among others.
Higashi Twenty One Co., Ltd. agreed to acquire the remaining 80% stake in World Corporation Inc. from the President of World Corporation for ¥34 million.
HIGASHI TWENTY ONE CO., LTD. 
