Menicon Co., Ltd. completed the acquisition of remaining 86% stake in Itabashi Trading Co., Ltd. from I.B CO., LTD.
January 07, 2021
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Menicon Co., Ltd. (TSE:7780) agreed to acquire remaining 86% stake in Itabashi Trading Co., Ltd. from I.B CO., LTD. for ¥3.5 billion on December 17, 2020. For the year ended on March 31, 2020, Itabashi Trading reported total common equity of ¥1938 million, total assets of ¥4007 million, Total revenue of ¥8398 million, EBIT of ¥939 million, Net profit of ¥795 million. The transaction is expected to close on January 8, 2021. Advisor are to be paid Fees of ¥60 million.
Menicon Co., Ltd. (TSE:7780) completed the acquisition of remaining 86% stake in Itabashi Trading Co., Ltd. from I.B CO., LTD. on January 8, 2021. As a part of acquisition, consideration was paid in cash.
Menicon Co., Ltd. is a Japan-based company mainly engaged in operation of contact lens related business and other business. The Company has two business segments. With its subsidiaries, the Contact Lens segment is engaged in manufacture and sales of contact lens, care supplies and other goods. The Others segment is engaged in development and sales of veterinary medical products, decomposition accelerator of rice straw, composting accelerator of livestock excrement, assisted reproductive medicine and products of advanced medical fields, as well as management of contact lens retailer staff training school and provision of temporary staffing service, among others.
MENICON CO., LTD. 
