MINKABU THE INFONOID, Inc. completed the acquisition of From One Co., Ltd. from Dentsu Group Inc. and Naoto Michigami.
September 31, 2023
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MINKABU THE INFONOID, Inc. (TSE:4436) agreed to acquire From One Co., Ltd. from Dentsu Group Inc. (TSE:4324) and Naoto Michigami on July 14, 2023. The share transfer agreement was signed on August 10, 2023. MINKABU THE INFONOID has also entered into a Debt Assignment Agreement, in which MINKABU THE INFONOID has accepted the transfer of a loan receivable of ¥880 million that Dentsu Group Inc. holds against From One, Inc. The transfer price has been set at ¥300 million. Naoto Michigami is selling 46.96% stake. From One reported net assets of -¥379 million, total assets of ¥644 million, net sales of ¥1,017 million, operating profit of ¥22 million and net profit of ¥21 million as at December 2022. MINKABU THE INFONOID will pay advisory fees of ¥10 million. The transaction is expected to close by September 1, 2023.
MINKABU THE INFONOID, Inc. (TSE:4436) completed the acquisition of From One Co., Ltd. from Dentsu Group Inc. (TSE:4324) and Naoto Michigami on September 1, 2023.
MINKABU THE INFONOID,Inc. is a Japan-based company engaged in media business and solutions business. The Company operates in two business segments. The Media business segment includes revenue from information media for investors such as https://minkabu.jp/, https://kabutan.jp/ (Kabutan) and the like obtained from The Company and the services that The Company plays a part of the site management through business alliance, and part Record billing revenue from paid services offered at the site. In the solution business segment, the Company provides information-based FinTech solutions that processed content generated using artificial intelligence (AI) for investor information media managed by The Company and cloud input data collected on the site. It records revenue from application service provider (ASP) service to be provided to third parties, software development work accompanying them and maintenance and operation work.