T-Gaia Corporation acquired CCC Frontier, Inc. from Culture Convenience Club Co., Ltd.
September 29, 2022
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T-Gaia Corporation (TSE:3738) agreed to acquire CCC Frontier, Inc. from Culture Convenience Club Co., Ltd. on July 29, 2022. The board of T-Gaia has resolved the deal. T-Gaia will acquire 0.001813 million shares of CCC Frontier. CCC Frontier has reported net worth of ¥382 million, total assets of ¥733 million, revenue of ¥1.062 million and net income of ¥169 million during Fiscal year ending March 2022. The transaction is expected to complete on September 30, 2022.
T-Gaia Corporation (TSE:3738) completed the acquisition of CCC Frontier, Inc. from Culture Convenience Club Co., Ltd. on September 30, 2022.
T-Gaia Corporation is a Japan-based information technology (IT) company. The Company operates in three business segments. The Mobile segment provides subscription agency services for mobile phone users to join communication network, and distributes mobile phones to general consumers. The Solution segment sells mobiles phones and provides terminals and communication line management services for corporate customers, as well as line service agency services for both corporate and individual customers. The Payment segment is engaged in the sale of gift cards and electronic money products using the PIN sales system through domestic convenience stores.