DesignOne Japan, Inc. cancelled the acquisition of 97.5% stake in Nitro Tech Asia, Inc. from 2 individual shareholders.
March 28, 2020
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DesignOne Japan, Inc. (TSE:6048) agreed to acquire 97.5% stake in Nitro Tech Asia, Inc. from 2 individual shareholders on March 29, 2019. Upon completion of the transaction, Nitro Tech Asia will operate as a subsidiary of DesignOne Japan. Nitro Tech Asia reported net assets of ¥5.6 million, total assets of ¥33.3 million, revenues of ¥67.4 million, operating profit of ¥22.5 million and net income of ¥22.5 million for period ended on December 2018. The transaction has been resolved by the Board of Directors of DesignOne Japan. The transaction is expected to close by end of May 2019.
DesignOne Japan, Inc. (TSE:6048) cancelled the acquisition of 97.5% stake in Nitro Tech Asia, Inc. from 2 individual shareholders on March 29, 2020.
DesignOne Japan, Inc. is a Japan-based Internet media company mainly engaged in the operation of Local information word-of-mouth site named Ekiten. The Ekiten site is a store reviews ranking site, on which users can know well-established and popular stores in every region of Japan. On Ekiten site, store owners can collect the feedbacks for its own store and utilize it for operation management uses, while users can do store searching and read store information in various industries.
DESIGNONE JAPAN, INC. 
