Yagi & Co., Ltd. acquired Ichimen Co.,Ltd. from Imanaka Cotton Store Co., Ltd., Shunji Imanaka and other shareholders.
April 01, 2016 at 12:00 am
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Yagi & Co., Ltd. (TSE:7460) agreed to acquire Ichimen Co.,Ltd. from Imanaka Cotton Store Co., Ltd., Shunji Imanaka and other shareholders on February 8, 2016. Yagi & Co., Ltd. (TSE:7460) concluded the contract to acquire Ichimen Co.,Ltd. on March 24, 2016. Yagi & Co. acquired 0.34 million shares of Ichimen Co. as part of the acquisition. Imanaka Cotton sold 55% stake and Shunji Imanaka sold 32% stake in the transaction. Ichimen Co had revenue of ¥1.74 billion, net assets of ¥938 million and total assets of ¥1581 million as of the end of September 30, 2015.
Yagi & Co., Ltd. (TSE:7460) completed the acquisition of Ichimen Co.,Ltd. from Imanaka Cotton Store Co., Ltd., Shunji Imanaka and other shareholders on April 1, 2016.
YAGI & CO., LTD. is a Japan-based company mainly engaged in the trading, import and export of textile products. The Company operates business through raw material field, textile field and textile secondary products field. The Company is also engaged in the textile processing business, real estate business and other businesses.