LitaLico Inc. agreed to acquire additional 33.6% stake in Olive Union, Inc. for ¥1.1 billion.
February 13, 2019
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LitaLico Inc. (TSE:6187) agreed to acquire additional 33.6% stake in Olive Union, Inc. for ¥1.1 billion on February 14, 2019. LitaLico Inc. signed an agreement to acquire additional 33.6% stake in Olive Union, Inc. on March 2, 2019. LitaLico Inc. agreed to acquire 0.009 million shares of Olive Union, Inc. As of December 31, 2017, Olive Union, Inc. reported net liabilities of ¥41 million, total assets of ¥22 million, revenue of ¥23 million, operating loss of ¥60 million and net loss of ¥58 million. The board of LitaLico Inc. has resolved the transaction. The transaction is expected to complete by the end of March 2019. As of May 14, 2019, the deal is postponed and now expected to close by the end of September 2019. As of September 9, 2019, the transaction is expected to close between October 20, 2019 and October 31, 2019.
Litalico Inc is a Japan-based company mainly engaged in the development of Internet media business, platform business, cram school and preschool classroom management business. The Company operates in two business segments. The LITALICO Works segment provides training and job hunting support for employment, as well as support for retention after employment. The LITALICO Junior segment is engaged in the provision of child development support business, after-school day service business, nursery school visit support business and learning classroom business. In addition, the Company also provides education through cutting-edge digital manufacturing such as programming, robots, and digital fabrication using 3D printers. The Company also provides life plan creation support services including support services for disability welfare service establishments for children with disabilities, and disability welfare to support the employment of persons with disabilities.
LITALICO INC. 
