P Ark Holdings Co., Ltd. agreed to acquire ARK FRONT, Inc, Delight Communications INC and Best Answer Co., Ltd from Interlife Holdings Co., Ltd. for ¥350 million.
October 26, 2020
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P Ark Holdings Co., Ltd. agreed to acquire ARK FRONT, Inc, Delight Communications INC and Best Answer Co., Ltd from Interlife Holdings Co., Ltd. (JASDAQ:1418) and Facility Management K.K. for ¥350 million on October 27, 2020. As per the transaction, P Ark Holdings Co., Ltd. will acquire 400 share of ARK FRONT, Inc. for ¥122 million from Interlife Holdings Co., Ltd, 600 shares of Delight Communications INC for ¥88 million from Interlife Holdings Co., Ltd and 1400 shares of Best Answer Co., Ltd for ¥140 million from Facility Management K.K. ARK FRONT, Inc reported revenue of ¥618 million, net worth of ¥126 million, total assets of ¥203 million, operating income of ¥26 million and net income of ¥16 million. Delight Communications INC reported total revenue of ¥145 million, net worth of ¥82 million, total assets of ¥114 million, operating income of ¥23 million and net income of ¥15 million. Best Answer Co., Ltd reported revenue of ¥1 billion, net worth of ¥116 million, total asset of ¥204 million, operating income of ¥29 million and net income of ¥18 million. The transaction is expected to completed by November 30, 2020.
INTERLIFE HOLDINGS CO., LTD. is engaged in store-related businesses. The Company operates in four segments. The Construction segment includes interior design of stores and offices, design of amusement stores, sound and lighting equipment, cleaning and maintenance of buildings. The Staffing Services segment includes staffing, education and training businesses. The Store Service segment is engaged in sales of mobile phones, and the provision of agency services for mobile communication services. The Real Estate segment brokers and leases real estate.
P Ark Holdings Co., Ltd. agreed to acquire ARK FRONT, Inc, Delight Communications INC and Best Answer Co., Ltd from Interlife Holdings Co., Ltd. for ¥350 million.