Cocolonet Co., Ltd. signed a contract to acquire Ushiku Sougisha, Ltd. from Mitsuru Koseki, Keiko Koseki, Fumiko Nakano and Yumiko Shiratori.
April 08, 2015 at 12:00 am EDT
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Cocolonet Co., Ltd. (JASDAQ:6060) signed a contract to acquire Ushiku Sougisha, Ltd. from Mitsuru Koseki, Keiko Koseki, Fumiko Nakano and Yumiko Shiratori on April 8, 2015. Mitsuru Koseki is selling 36.4% stake, Keiko Koseki is selling 18.2%, Fumiko Nakano is selling 34.5% and Yumiko Shiratori is selling 10.9% stake. Cocolonet Co., Ltd. is acquiring 5,500 shares of Ushiku Sougisha, Ltd. and will operate as a subsidiary of Cocolonet.
For the period ending April 2014, Ushiku Sougisha, Ltd. reported net assets of ¥415 million, total assets of ¥632 million, sales of ¥293 million, operating profit of ¥15 million and net income of ¥9 million. The transaction has been resolved by Board of Directors of Cocolonet Co., Ltd. The transaction is expected to be close by July 1, 2015.
Cocolonet CO.,LTD. is a Japan-based pure holding company mainly engaged in funerary business and related business. The Company operates in seven business segments. The Funerary segment involves in hosting of funeral ceremonies. The Stone Wholesale segment involves in wholesale business such as stone towers for stone retailers. The Stone Retail segment involves in sale of stone towers to general consumers. The Wedding segment involves in hosting of wedding ceremonies. The Fresh Flower segment involves in manufacturing, wholesale and retail of fresh flowers and artificial flowers products. The Mutual Aid Association segment involves in management of the association of ceremonies of coming of age, marriage, burial, and ancestral worship. The Nursing Care segment involves in management of housing for elderly with services, and nursing care support business.
COCOLONET CO., LTD. 
