Vinculum Japan Corp. completed the acquisition of Vixus Incorporated from Fuji Soft Incorporated
For the period ending March 2012, Vixus had net liabilities of ¥375 million, total assets of ¥10.58 billion, sales of ¥17.85 billion, operating profit of ¥1.1 billion, current profit of ¥1.05 billion and net income of ¥303 million. As of September 30, 2012, Vixus had net assets of ¥849 million and total assets of ¥11.28 billion. Minoru Yoshida will join Vinculum Japan as the new President to replace Takashi Takizawa, effective April 1, 2013. The Board of Directors of Vinculum Japan resolved the transaction on December 18, 2012. The shareholders of Vinculum Japan will hold a meeting to approve the merger on February 19, 2013. The transaction is expected to close on April 1, 2013. As on February 19, 2013, the shareholders of Fuji Soft Incorporated approved the deal. Vinculum Japan and Vixus selected Deloitte Touche Tohmatsu LLC and Nomura Securities Co., Ltd., respectively, as third-party valuation organizations. Oh-Ebashi LPC & Partners and Nishimura & Asahi acted as legal advisors for Vinculum Japan and Vixus respectively.
Vinculum Japan Corp. (JASDAQ:3784) completed the acquisition of Vixus Incorporated from Fuji Soft Incorporated (TSE:9749) on April 1, 2013.