TENPOS HOLDINGS Co.,Ltd. entered into an agreement to acquire the remaining 40% stake in Profit Laboratory Co., Ltd. from Masayuki Hirakawa for approximately ¥170 million.
October 08, 2019
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TENPOS HOLDINGS Co.,Ltd. (JASDAQ:2751) entered into an agreement to acquire the remaining 40% stake in Profit Laboratory Co., Ltd. from Masayuki Hirakawa for approximately ¥170 million on October 9, 2019. As per the terms of the transaction, TENPOS HOLDINGS Co.,Ltd. will pay cash and dispose of treasury stock through third party allotment as consideration. TENPOS HOLDINGS Co.,Ltd. will pay ¥112.09 million in cash and will dispose of 0.052 million shares at ¥ 2,119 per share. TENPOS HOLDINGS Co.,Ltd. will acquire 20 shares representing 40% voting rights. Post completion of the transaction, Profit Laboratory Co., Ltd. will operate as a wholly owned subsidiary of TENPOS HOLDINGS Co.,Ltd. For the financial year ended 2019, Profit Laboratory Co., Ltd. reported net assets of ¥128 million, total assets of ¥161 million, sales of ¥325 million, operating profit of ¥24 million and net income of ¥15 million. The transaction is expected to complete of October 25, 2019.
TENPOS HOLDINGS Co.,Ltd. is a Japan-based company mainly engaged in the support services to restaurants. The Company operates through three business segments. The Product Sale segment is engaged in the sale of new and recycled cooking utensils, tableware, chairs, kitchen equipment to customers who operate restaurants. It also engaged in the provision of kitchen design, construction and management services. The Information and Service segment is engaged in the business of real estate brokerage, interior construction contracting, lease credit handling, Internet shopping, opening support and management support for restaurant companies. The Restaurant segment is engaged in restaurants management and franchise (FC) member stores development.
TENPOS HOLDINGS Co.,Ltd. entered into an agreement to acquire the remaining 40% stake in Profit Laboratory Co., Ltd. from Masayuki Hirakawa for approximately ¥170 million.
TENPOS HOLDINGS CO.,LTD. 