Aucfan Co., Ltd. (TSE:3674) agreed to acquire OSR Net Co., Ltd on March 14, 2022. As part of the transaction, Aucfan will also acquire Osaka Semba Ryutsumato Co. Ltd. OSR Net Co reported ¥0.07512 million revenue, ¥0.008732 million operating profit, ¥0.007682 million net profit and ¥0.075597 million net assets for the year ended June 2021. The transaction is expected to close on April 1, 2022.
Aucfan Co., Ltd. (TSE:3674) completed the acquisition of OSR Net Co., Ltd on April 1, 2022.
Aucfan Co.,Ltd. is a Japan-based company mainly engaged in the media business, marketplace business and solution business. The Company operates through four segments. The Media segment is involved in the operation of aucfan.com which is a shopping comparison and search site and education and individual support service named Oakfan School. The Marketplace segment is involved in the handle of stock disposal and sale of channel expansion support for corporations, as well as the operation of NetPrice which is business-to-consumer (BtoC) marketplace. The Solution segment is involved in the provision of service for corporate companies to improve business efficiency and expand business performance. The Incubation segment is involved in the investment of related businesses, as well as the provision of consulting services for these businesses.