Kakaku.com, Inc. agreed to acquire 70% stake in Gaie Inc. from an individual.
January 16, 2018
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Kakaku.com, Inc. (TSE:2371) agreed to acquire 70% stake in Gaie Inc. from an individual on January 17, 2018. A contract is expected to be concluded by the end of January 2018. Kakaku.com, Inc. will acquire 630 shares of Gaie Inc. After the transaction, Gaie Inc. will operate as a subsidiary of Kakaku.com, Inc. Gaie Inc. reported net assets of ¥116.63 million and total assets of ¥753.29 million as at August 31, 2017. Gaie Inc. reported sales of ¥1.61 billion, operating profit of ¥32.7 million and net income of ¥22.12 million during the year ending August 31, 2017. The Board of Directors of Kakaku.com, Inc. passed a resolution for the transaction on January 17, 2018. The transaction is expected to be completed by end of January 2018. The transaction is expected to have a minimal impact on the consolidated results of Kakaku.com, Inc. during the fiscal year ending March 31, 2018.
Kakaku.com Inc is a Japan-based company mainly engaged in the operation of purchasing support Website Kakaku.com. The Company operates through two business segments. Internet Media segment is engaged in the operation of Websites that provide price comparison service, restaurant search and reservation service, real estate information, travel information, movie information, automobile information, bus information and inheritance procedure service. The segment also develops dynamic package system, movie contents and Website production. The Finance segment is involved in the insurance agency business.