Valtes Co., Ltd. completed the acquisition of Mint Co., Ltd from an individual shareholder.
April 31, 2022
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Valtes Co., Ltd. (TSE:4442) agreed to acquire Mint Co., Ltd from an individual shareholder on March 29, 2022. As part of the transaction, Valtes will acquire 220 shares representing 100% stake in Mint. Fiscal year ending March 2021, Mint reported Net worth of ¥40.6 million, Total assets of ¥50.7 million, sales of ¥161.24 million, Operating loss of ¥6.13 million and Net loss of ¥6.58 million. The transaction is resolved by the board of Valtes and expected to complete on April 1, 2022. Valtes determined that the impact of the transaction on the consolidated financial results for the fiscal year ending March 2023 will be minor.
Valtes Co., Ltd. (TSE:4442) completed the acquisition of Mint Co., Ltd from an individual shareholder on April 1, 2022.
Valtes Holdings Co Ltd, formerly Valtes Co Ltd, is a Japan-based company mainly provides software testing services, web/mobile application development services, and offshore services. The Company operates through three segments. The Software Testing Services segment provides manufacturers and software vendor clients with effective testing services from a third-party neutral standpoint by accurately following up on a wide range of activities, including test planning, test design, test case creation, test execution, and test summary reports. The Web/Mobile Application Development Services segment provides web/mobile app development and web security diagnosis (vulnerability diagnosis) for web apps and mobile apps. In the Offshore Services segment, the Company's group company, VALTES Advanced Technology, Inc. provides testing services and contracted system development to support client companies in improving the quality of their products by sharing its know-how with group companies.