HITO-Communications Inc. cancelled the acquisition of 65% stake in Jats Co.,Ltd. from NIPPON TRAVEL AGENCY Co., LTD.
October 02, 2015 at 12:00 am EDT
Share
HITO-Communications Inc. (TSE:3654) agreed to acquire 65% stake in Jats Co.,Ltd. from NIPPON TRAVEL AGENCY Co., LTD. on October 2, 2014. HITO-Communications will acquire 0.04 million shares. For the year ending December 31, 2013, JATS Co. reported net assets of ¥306.54 million, total assets of ¥466.13 million, sales of ¥1.3 billion, operating profit of ¥46.53 million and net profit of ¥45.07 million. The transaction is expected to close on October 14, 2014.
HITO-Communications Inc. (TSE:3654) cancelled the acquisition of 65% stake in Jats Co.,Ltd. from NIPPON TRAVEL AGENCY Co., LTD. on October 2, 2015.
HITO-Communications Holdings,Inc is a Japan-based holding company engaged in the management of group companies and other related work. The outsourcing business consigns the entire series of operations (contracting work) from manufacturers and communication carriers. The temporary staffing business is involved in the dispatching of staffs to manufacturers, telecommunications carriers, super general merchandise stores (GMS) and travel agencies. The EC/TC business involves e-commerce Website management consignment and television shopping sales support work. The wholesale business is involved in a series of tasks, such as planning, designing, manufacturing, production management and sale of clothing to domestic retailers and overseas retailers. The other business is involved in the provision of training to manufacturers and telecommunication carriers by making full use of sales know-how, such as customer service technologies owned by its subsidiary HITO-Communications Inc.