Jorudan Co. Ltd. cancelled the acquisition of 71.7% stake in Etour Co., Ltd. from Emcom Holdings Co.,Ltd..
November 25, 2013 at 11:00 pm EST
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Jorudan Co. Ltd. (JASDAQ:3710) agreed to acquire 71.7% stake in Etour Co., Ltd. from Emcom Holdings Co.,Ltd. (JASDAQ:7954) for ¥200 million on November 26, 2012. Under the transaction, 8330 shares will be acquired. The transaction will be financed from existing funds. Emcom Holdings received the share transfer value on November 26, 2012. Etour Co., Ltd. reported net assets of ¥186 million, total assets of ¥499 million, sales of ¥3.36 billion, operating profit of ¥29 million and net profit of ¥4 million for the financial year ending April 2012. The Board took the resolution on November 26, 2012. The transaction is expected to complete on November 26, 2012. Emcom Holdings expects to record an extraordinary loss of ¥41.73 million as loss from the sale of Etour shares for the fourth quarter consolidated fiscal year ending on December 2012.
Jorudan Co. Ltd. (JASDAQ:3710) cancelled the acquisition of 71.7% stake in Etour Co., Ltd. from Emcom Holdings Co.,Ltd. (JASDAQ:7954) on November 26, 2013.
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. 