Tokyo Communications Group,Inc. completed the acquisition of Seesaa Vietnam co., ltd. from Seesaa Inc
February 01, 2024
Share
Tokyo Communications Group,Inc. (TSE:7359) agreed to acquire Seesaa Vietnam co., ltd. from Seesaa Inc. for ¥1 million on April 26, 2023. For period ended September 2022, Seesaa Vietnam reported sales of ¥38 million, net income of -¥8.4 million, total assets of ¥9.8 million and net assets of -¥1 million. Contract conclusion is expected to occur on May 1, 2023. The transaction is expected to complete on June 2023.
Tokyo Communications Group,Inc. (TSE:7359) completed the acquisition of Seesaa Vietnam co., ltd. from Seesaa Inc. on February 2, 2024.
Tokyo Communications Group Inc, formerly Tokyo Tsushin Inc, is a Japan-based company mainly engaged in the Internet media business, platform business and Internet advertising business. The Company operates through three business segments. Internet Media Business segment provides domestic and overseas casual game applications, hyper-casual game applications, and incentive games in the Play-to-Earn area to smartphone application stores. Platform segment operates a telephone fortune-telling service Charis, providing appraisals for love, work and other troubles. The healthcare business plans and operates OWN., providing health management, training, and e-commerce (EC) sales services. Internet Advertising segment provides advertising distribution, management and operation consulting services, planning and operation of advertising medias, digital marketing business and others. The Company is also engaged in investment, metaverse and digital signage business, and new business development.