S Science Company, Ltd. concluded a transfer agreement to acquire Nagomi Sekkei Co., Ltd. from Yasuhiro Fukumura, Kyoko Fukumura, Wakabayashi Tetsuchun, Morita Shinada and others for approximately ¥120 million.
March 25, 2020
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S Science Company, Ltd. (TSE:5721) concluded a transfer agreement to acquire Nagomi Sekkei Co., Ltd. from Yasuhiro Fukumura, Kyoko Fukumura, Wakabayashi Tetsuchun, Morita Shinada and others for approximately ¥120 million on March 26, 2020. Post completion, Nagomi Sekkei will become wholly owned subsidiary of S Science Company. For the year ended March 31, 2019, Nagomi Sekkei had sales of ¥724 million, operating loss of ¥7 million, net loss of ¥1 million, net assets of ¥19 million and total assets of ¥193 million. Transaction was resolved by the Board of S Science Company. Transaction is expected to close on April 1, 2020.
S Science Company, Ltd. is a Japan-based company mainly engaged in the operation of nickel, real estate and education businesses. The Company operates in three business segments. The Nickel segment is engaged in the sale of nickel ingots and nickel salts. The Real Estate segment is engaged in the sale, leasing and brokerage of real estate. The Education segment is engaged in the management of learning cram schools.
S Science Company, Ltd. concluded a transfer agreement to acquire Nagomi Sekkei Co., Ltd. from Yasuhiro Fukumura, Kyoko Fukumura, Wakabayashi Tetsuchun, Morita Shinada and others for approximately ¥120 million.