Wide Leisure, K.K. signed a contract to acquire ADORES, Inc. from KeyHolder, Inc. for ¥4.5 billion.
January 22, 2018
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Wide Leisure, K.K. signed a contract to acquire ADORES, Inc. from KeyHolder, Inc. (JASDAQ:4712) for ¥4.5 billion on January 23, 2018. As per terms, Wide Leisure will acquire 2000 shares of ADORES, Inc. Post transaction, Wide Leisure will own 100% stake in ADORES and Keyholder will not hold any stake in ADORES. Post transaction, ADORES will operate as a subsidiary of Wide Leisure. ADORES, Inc. reported net assets of ¥9 billion, total assets of ¥15.8 billion, sales of ¥12.2 billion, operating income of ¥274 million and net income of ¥164 million for the year ended March 31, 2017.
The transaction is resolved by the Board of KeyHolder on January 23, 2018. Resolution of the shareholder commission is expected on February 27, 2018 and the share purchase claim period is from March 6, 2018 to March 25, 2018. The transaction is approved by the shareholders of KeyHolder at the general meeting of shareholders held on February 27, 2018. The transaction is expected to complete on March 26, 2018.
KeyHolder,Inc. is a Japan-based holding company mainly engaged in comprehensive entertainment business and real estate business. The Company operates three business segments. The General Entertainment segment operates live event spaces, produces TV programs, and operates and manages the business of talents and idols. The Real Estate segment is engaged in the development, sale and leasing of detached houses, condominiums, used houses and other real estates for individuals and companies. The Commercial Building segment designs and constructs various commercial facilities, including pachinko halls, KARAOKE shops, and restaurants.
KEYHOLDER, INC. 
