Jorudan Co., Ltd. agreed to acquire Gourmet PIA Network Corporation from NMC 2002L.P., a fund managed by Nippon Mirai Capital Co., Ltd., for ¥330 million.
September 04, 2012
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Jorudan Co., Ltd. (JASDAQ:3710) agreed to acquire Gourmet PIA Network Corporation from NMC 2002L.P., a fund managed by Nippon Mirai Capital Co., Ltd., for ¥330 million on September 5, 2012. Under the terms, Jorudan will acquire 0.03 million shares in the transaction. Acquisition funds will be from funds on hand.
Gourmet PIA Network Corporation had net assets of ¥158 million, total assets of ¥343 million, sales of ¥460 million, operating profit of ¥7 million and net loss of ¥2 million for the year ending March 2012. The Board of Directors of Jorudan passed a resolution for the transaction on September 5, 2012. The transaction is scheduled to close on September 10, 2012.
Jorudan Co., Ltd. engages in manufacturing and sales of software Norikae used for path search and fare calculation, and provision of associated services. The Company operates through two business segments. The Transfer Guide segment engages in sales of Norikae products for personal computers and cell phones, provision of version upgrade services. It engages in sales of corporate-oriented products for corporations, provision of travel expense adjustment support, and provision of Web services for other companies and organizations. It also provides restaurant information on Internet. This segment obtains revenue through its service, including provision of pay service for mobile of Norikae, sales of advertising space and planning, as well as arrangement and sales of travel. The Multimedia segment provides content for Internet. It also provides book publishing services. The other business engages in entrust development of software and leasing of information related equipment.
Jorudan Co., Ltd. agreed to acquire Gourmet PIA Network Corporation from NMC 2002L.P., a fund managed by Nippon Mirai Capital Co., Ltd., for ¥330 million.
JORUDAN CO.,LTD. 
