LIFULL Co., Ltd. agreed to acquire 57.6% stake in JG MARKETING Co. Ltd.
January 22, 2017
Share
LIFULL Co., Ltd. (TSE:2120) agreed to acquire 57.6% stake in JG MARKETING Co. Ltd. in cash on January 23, 2017. Under the terms of the agreement, 0.01 million shares of JG MARKETING Co. Ltd. will be acquired and the consideration will be settled with cash reserves. Funds will be raised through third party allocation. Post transaction, JG MARKETING Co. Ltd. will operate as a subsidiary of NEXT Co., Ltd. The transaction is not expected to have any material impact on the financial performance of NEXT Co., Ltd.
LIFULL Co., Ltd. is a Japan-based company mainly engaged in the provision of real estate related information services. The Company has two business segments. The HOMEâS Related segment is engaged in the operation of the real estate information Website LIFULL HOME'S, the advertising agency business, the system development and Web production business, the provision of customer relationship management (CRM) services for real estate companies, and data management platform (DMP) service for developers, as well as the Internet marketing business. The Overseas segment is engaged in the operation of the aggregation site Trovit and overseas real estate information sites. The Company is also engaged in the operation of a series of Websites for nursing facilities searching, insurance shops searching and reservation, moving estimate and reservation, rental storage space information searching, as well as the insurance agency business and other businesses.
LIFULL CO.,LTD. 
