Chiikishinbunsha Co Ltd completed the acquisition of Tokyo Shimbun Shopper Sha, K.K. from Chunichi Shimbun Co., Ltd.
December 24, 2014 at 11:00 pm
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Chiikishinbunsha Co Ltd (JASDAQ:2164) signed the agreement to acquire Tokyo Shimbun Shopper Sha, K.K. from Chunichi Shimbun Co., Ltd. for ¥28 million on December 19, 2014. Chiikishinbunsha will acquire 0.04 million shares in the transaction and will operate Tokyo Shimbun Shopper Sha, K.K. as its wholly owned subsidiary after completion of the transaction. During the year ended December 2013, Tokyo Shimbun Shopper Sha, K.K. had net liabilities of ¥264 million, total assets of ¥247 million, sales of ¥771 million, operating profit of ¥2 million, and nil net profit. Board of Directors of Chiikishinbunsha Co Ltd made a resolution in favor of the transaction on December 19, 2014. The transaction is expected to be completed by December 25, 2014.
Chiikishinbunsha Co Ltd (JASDAQ:2164) completed the acquisition of Tokyo Shimbun Shopper Sha, K.K. from Chunichi Shimbun Co., Ltd. on December 25, 2014.
Chiikishinbunsha Co Ltd is a Japan-based company mainly engaged in advertising-related business. The Advertising-related business segment includes newspaper publishing business, leaflet distribution business and sales promotion comprehensive support business. The newspaper publishing business puts familiar information related to local events, society, culture and sports in each issue area on the Chiiki Shimbun paper and publishes it every week. The leaflet distribution business is engaged in the distribution of leaflets in Chiiki Shimbun. The sales promotion comprehensive support business supports various sales promotion activities of advertisers through the planning and operation of advertising events, the editing and production of distribution leaflets and posters, and the planning of store display plans. The other businesses include Web business, culture school management business, matching business, mail order business, and human resource business.