ZUU Co.,Ltd. (TSE:4387) agreed to acquire AWZ Co., Ltd. from Takayuki Takagi and Kosuke Sakurai for Ã130 million on December 27, 2022. As a part of transaction, ZUU will acquire 1500 shares. The transaction will be funded from funds borrowed from Resona Bank, Ltd. Additional payment of Ã370 million will be made depending on degree of achievement.
For the year ended March 31, 2022, AWZ reported net worth of Ã51 million, total assets of Ã157 million, sales of Ã410 million, operating income of Ã51 million and net income of Ã32 million. The transaction is expected to complete on January 31, 2023.