Kakaku.com, Inc. completed the acquisition of LCL, Inc.
January 04, 2018
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Kakaku.com, Inc. (TSE:2371) entered into an agreement to acquire LCL, Inc. on December 20, 2017. Under the terms, Kakaku.com, Inc. will acquire 700 shares, representing 100% stake of LCL, Inc. For the fiscal year ended December 31, 2016, LCL, Inc. had net assets of ¥307 million, total assets of ¥455.5 million, sales of ¥668.1 million, operating profit of ¥225.1 million and net income of ¥159.3 million. The transaction was resolved by the Board of Directors of Kakaku.com, Inc. on December 20, 2017 and is expected to close on January 5, 2018. The impact of the acquisition is expected to be minimal for Kakaku.com, Inc. in the fiscal year ending March 31, 2018.
Kakaku.com, Inc. (TSE:2371) completed the acquisition of LCL, Inc. on January 5, 2018. As per the terms of the agreement, Kakaku paid the consideration in cash.
Kakaku.com Inc is a Japan-based company mainly engaged in the operation of purchasing support Website Kakaku.com. The Company operates through two business segments. Internet Media segment is engaged in the operation of Websites that provide price comparison service, restaurant search and reservation service, real estate information, travel information, movie information, automobile information, bus information and inheritance procedure service. The segment also develops dynamic package system, movie contents and Website production. The Finance segment is involved in the insurance agency business.