Fringe81 Holdings Co., Ltd. completed the acquisition of 65.4% stake in Fringe81, Inc. from UNITED, Inc..
March 31, 2013 at 12:00 am
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Fringe81 Holdings Co., Ltd. agreed to acquire 65.4% stake in Fringe81, Inc. from UNITED, Inc. (TSE:2497) for approximately ¥200 million on January 31, 2013. Fringe81 Holdings Co., Ltd. will acquire 9,950 shares. UNITED will hold no share in Fringe81 after the transaction. For the year ended March 2012, Fringe81 had net assets of ¥235.8 million, total assets of ¥407.8 million, sales of ¥613.84 million, operating profit of ¥20.04 million, current profit of ¥19.19 million, and net income of ¥19.61 million. Board of Directors of UNITED resolved the transaction on January 31, 2013. The transaction is expected to close on March 29, 2013. UNITED expects ¥30 million extraordinary profit due to this transaction for the fiscal year ending March 2013.
Fringe81 Holdings Co., Ltd. completed the acquisition of 65.4% stake in Fringe81, Inc. from UNITED, Inc. (TSE:2497) in the year ending March 31, 2013.
Unipos Inc, formerly Fringe81 Co Ltd, is a Japan-based company mainly engaged in the development and consultation of Internet advertising technology, as well as the provision of Website services mainly in human resources (HR) tech fields. The advertising business includes advertising agency service, media growth service and solution service. The advertising agency service is involved in the sale of Internet advertisements. The media growth service is involved in the provision of planning, development and operation of advertising goods for smartphone media including applications. The solution service is involved in the provision of advertising strategyâs decision-making support products for advertisers who receive Internet advertising. The Unipos business is involved in the provision of a service named Unipos for mutual evaluation and praise.