ONE PIECE Inc. acquired additional 18% in Fon Japan Co., Ltd. from WirelessGate, Inc.
September 24, 2019
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ONE PIECE Inc. acquired additional 18% in Fon Japan Co., Ltd. from WirelessGate, Inc. (TSE:9419) on September 25, 2019. As per terms of the agreemnet, 75 shares are transferred and after completion, WirelessGate, Inc. holds 45 shares in Fon Japan Co., Ltd. The Board of Directors of WirelessGate, Inc. resolved the deal on September 25, 2019. The impact of this transaction on the consolidated results of WirelessGate, Inc is immaterial.
ONE PIECE Inc. completed the acquisition of additional 18% in Fon Japan Co., Ltd. from WirelessGate, Inc. (TSE:9419) on September 25, 2019.
WirelessGate Inc is a Japan-based Company mainly engaged in the wireless broadband services related business. The Company operates in three businesses. The wireless broadband business provides three services. Mobile Internet service provides Wireless Gate Wi-Fi + WiMAX2 + and Wireless Gate SIM. The public wireless LAN service provides a high-speed Internet connection service Wireless Gate Wi-Fi. The optional service provides services such as telephone remote service and smart answering machine. The wireless business domain business provides two services. The authentication platform service provides ID and password authentication platforms, which are the foundation platforms of the wireless broadband business. Other corporate service includes the provision of Internet of Things (IOT) services and Prepaid Sim Card (SIM) services utilizing LTE networks for corporations. The Company is also involved in the sale of IoT-related goods.
WIRELESSGATE, INC. 
