Giftee Inc. agreed to acquire paintory Inc. from Yuta Katayama for ¥6 million.
September 13, 2022
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giftee Inc. (TSE:4449) agreed to acquire paintory Inc. from Yuta Katayama for ¥6 million on September 14, 2022. Under this transaction, giftee is acquiring 16,028 shares. In related transaction, Yuta Katayama will execute a share transfer agreement with all existing shareholders of paintory Inc. by the contract date.
For the year ended February 28, 2022, paintory Inc. reported Total assets of ¥83 million, Net worth of ¥89 million and Operating income of ¥86 million. Scheduled Contract execution date is September 26, 2022. The transaction is expected to complete on October 3, 2022.
giftee Inc. is a Japan-based company principally engaged in the planning, development and operation of e-gift services for individuals, corporations and local governments. The main services include giftee service, giftee for Business service, eGift System service, and local currency service Welcome! STAMP. The giftee service allows an individual user to select an e-gift on the giftee application or a Website browser, purchase it by credit card or carrier payment and send it to those who receive it via social networking service (SNS). The giftee for Business can be used when a corporation gives a gift to its users through a campaign. The eGift System service allows corporations such as restaurants and retail stores to generate, distribute, sell, settle, and manage results for e-gifts. The Company also receives system usage fees from local currency issuers who have introduced the Welcome! STAMP local currency service.
GIFTEE INC. 
