Watt Mann Co., Ltd. signed a contract to acquire Hobby Search Co., Ltd. from Toshiyuki Suzuki and Taiko Suzuki.
July 13, 2021
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Watt Mann Co., Ltd. (JASDAQ:9927) signed a contract to acquire Hobby Search Co., Ltd. from Toshiyuki Suzuki and Taiko Suzuki on July 14, 2021. As per terms, Watt Mann Co., Ltd. shall acquire 300 shares equivalent to 100% of Hobby Search Co., Ltd. from Toshiyuki Suzuki who currently holds 96.7% and remaining from Taiko Suzuki. For the year 2020, total asset, net asset, revenue, operating profit and net profit of Hobby Search Co., Ltd. was ¥435 million, ¥177 million, ¥1.6 billion, ¥55 million and ¥40 million respectively. The transaction is expected to complete on July 21, 2021.
WATT MANN CO., LTD. is a Japan-based company mainly engaged in the reuse business. The Company operates in Kanagawa Prefecture. The Company purchases and cleans reuse products, and then sells them to consumers. Products are personal computers (PCs), refrigerators and musical instruments, clothes and bags, books, videotapes, compact discs (CDs), game software, and digital versatile discs (DVDs), premium audio and road bikes.