HOTMAN Co., Ltd. cancelled the acquisition of Kitanihon Shaken Seibi Kojo Co., Ltd.
September 25, 2020
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HOTMAN Co., Ltd. (JASDAQ:3190) agreed to acquire Kitanihon Shaken Seibi Kojo Co., Ltd. on September 26, 2019. An agreement is expected to be signed on October 1, 2019. As per terms all 20,000 shares will be acquired. For the year ended June 30, 2019, Kitanihon Shaken Seibi Kojo Co., Ltd. reported total assets of ¥57 million, revenues of ¥170 million, operating loss of ¥7 million, net loss of ¥6 million and net assets of ¥26 million. The deal is expected to close on October 1, 2019.
HOTMAN Co., Ltd. (JASDAQ:3190) cancelled the acquisition of Kitanihon Shaken Seibi Kojo Co., Ltd. on September 26, 2020.
HOTMAN Co., Ltd. is a Japan-based company principally engaged in the automotive supplies and automotive-related business. The Company operates in three business segments. The YellowHat segment is engaged in the sale, installation, inspection and maintenance of car supplies. The TSUTAYA segment is engaged in the rental and sale of digital versatile discs (DVDs), compact discs (CDs) and books. The UP GARAGE segment is engaged in the purchase and sale of used car supplies. The Company is also engaged in the retail and purchase of cars, the sale of Daiso products and lotteries, the operation of Internet cafes, amusement facilities and coffee shops, as well as the real estate leasing business.
HOTMAN CO.,LTD. 