teno. Holdings Company Limited (TSE:7037) agreed to acquire Wish Co., Ltd. for ¥540 million on August 10, 2023. As a result of this share acquisition, Child Care Support Co., Ltd., a subsidiary of Wish, will become a sub-subsidiary of teno.

Holdings. Wish Co has net assets of ¥145 million, total assets of ¥454 million, Sales of ¥493 million, Operating profit of ¥47 million, and Net income of ¥30 million as of February 2023. The transaction is expected to close on October 3, 2023.

teno. Holdings had planned to execute the Share Acquisition on October 3, 2023, but the procedures for the seller to fulfill the conditions for execution of this transaction will be completed in 2023. As of January 29, 2024, the revised deal value is approximately ¥450 million.

As of January 29, 2024, the transaction is expected to complete on February 1, 2024.