King Jim Co., Ltd. completed the acquisition of Life on Products, Inc.
December 26, 2021
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King Jim Co., Ltd. (TSE:7962) signed a share transfer agreement to acquire Life on Products, Inc. from Masafumi Imai for ¥3.5 billion on October 13, 2021. For the year ending on May, 2021, Life on Products reported Net worth of ¥1.9 billion, Total assets of ¥2.5 billion, Sales ¥4.2 billion and Net profit of approximately ¥520 million. The transaction is expected to close on November 4, 2021. The consideration includes advisor fees of ¥170 million.
King Jim Co., Ltd. (TSE:7962) completed the acquisition of Life on Products, Inc. on December 27, 2021.
KING JIM CO., LTD. is a Japan-based company mainly engaged in the planning, manufacture and sale of stationeries, office supplies and interior decoration products. The Company operates in two business segments. The Stationeries and Office Supplies segment is engaged in the planning, manufacture and sale of general stationeries such as files, file bindings and office automation (OA) support supplies, as well as electronic stationeries such as Tepra label printers and Pomera digital memos. The Interior Lifestyle segment is engaged in the planning and sale of photo frames, aroma related products, watches, kitchen products and interior decoration products, the import, planning and sale of artificial flowers and interior goods, as well as the mail order sale of original furniture products.