Yamazawa Co., Ltd. cancelled the acquisition of the remaining 90% stake in Yoneya Shoji Co., Ltd. from Ryuichi Sasaki, Hiroshi Sasaki and other shareholders.
July 09, 2014 at 05:00 am
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Yamazawa Co., Ltd. (TSE:9993) agreed to acquire the remaining 90% stake in Yoneya Shoji Co., Ltd. from Ryuichi Sasaki, Hiroshi Sasaki and other shareholders for ¥1.1 billion on July 9, 2013. Yamazawa Co., Ltd. will operate Yoneya Shoji Co., Ltd as its wholly owned subsidiary. On December 24, 2013, basic agreement was signed. For the period ended March 31, 2013, Yoneya Shoji Co. reported net assets of ¥1.65 billion, total assets of ¥3.77 billion, sales of ¥10.65 billion, operating loss of ¥8.93 million, net profit of ¥22.5 million. The transaction is expected to close by February 28, 2014.
Yamazawa Co., Ltd. (TSE:9993) cancelled the acquisition of the remaining 90% stake in Yoneya Shoji Co., Ltd. from Ryuichi Sasaki, Hiroshi Sasaki and other shareholders on July 9, 2014.
YAMAZAWA CO., LTD. is a company principally engaged in the retail business of various merchandises. The Company operates in three business segments. The Supermarket segment is engaged in the retail of food products, household products and clothing products. The Drug Store segment is engaged in the retail of pharmaceutical products and cosmetic products, as well as the operation of dispensing pharmacy. The Others segment is engaged in the manufacture of food products, including dairy products, delicatessens and others, such as milk, noodles, sushi and rice-based products. This segment is also engaged in the agency of insurance and mobile phones, as well as the purchase, sale and rental of real estate.
Yamazawa Co., Ltd. cancelled the acquisition of the remaining 90% stake in Yoneya Shoji Co., Ltd. from Ryuichi Sasaki, Hiroshi Sasaki and other shareholders.