Vector Inc. acquired an unknown majority stake in Busiconet Inc from Kyo Fujii.
June 27, 2023
Share
Vector Inc. (TSE:6058) entered into an agreement to acquire an unknown majority stake in Busiconet Inc from Kyo Fujii on for ¥1.795 billion June 15, 2023. As part of consideration, Vector Inc will acquire 139 shares of Busiconet for ¥1.685 million and advisory fee of approximately ¥110 million. As of August 31, 2022, Busiconet Inc reported revenue of ¥742 million, total assets of ¥770 million, net income of ¥390 million and total common equity of ¥458 million.The deal is expected to close on June 28, 2023.
Vector Inc. (TSE:6058) acquired an unknown majority stake in Busiconet Inc from Kyo Fujii on June 28, 2023.
VECTOR Inc is a Japan-based company mainly engaged in the public relations (PR) business and press release distribution business. The Company operates in six business segments. Public Relations segment conducts consulting business that provides PR support for clients' products and services through strategic PR. The Press Release Distribution segment distributes information about customers' products and services as news releases based on publicity requests from clients, and develops a platform business that connects companies and consumers with news. The Video Release Distribution segment conducts video distribution business that appeals to the target through the Internet. The Direct Marketing segment conducts direct to customer (D2C) business that develops and sells health and beauty related products and services through the Internet. The Media segment conducts media operation business. The Human Resources (HR) segment conducts human resources-related business.
VECTOR INC. 
