Sunny Side Up Group, Inc. intends to acquire 24.2% stake in ENGAWA Co., Ltd from unknown individual and companies for ¥75 million.
December 16, 2020
Share
Sunny Side Up Group, Inc. (TSE:2180) intends to acquire 24.2% stake in ENGAWA Co., Ltd from unknown individual and companies for ¥75 million on December 17, 2020. Under the terms, Sunny Side Up Group will acquire 1,058 shares. After the acquisition, Sunny Side Up Group will hold 55.4% stake in ENGAWA. For the year ended March 2020, Pacific System had net assets of ¥5.34 million, total assets worth ¥282.37 million, net sales of ¥595.63 million, operating income ¥162 million and net profit of ¥176.22 million. The transaction was resolved by the board of Sunny Side Up Group, Inc. on December 15, 2020. The transaction is scheduled to be completed on January 15, 2021. The acquisition will not affect his consolidated earnings forecast for the fiscal year ending June 2021
SUNNY SIDE UP GROUP Inc., formerly SUNNY SIDE UP Inc., is a Japan-based company engaged in marketing business. The Company operates in five business segments. The Marketing Communication segment is engaged in the provision of communication services related to public relations (PR), promotion, content development and strategic branding. The Sports segment conducts sports marketing business utilizing PR ideas. The Sales Promotion & Merchandising segment provides communication know-how to encourage decision-making on purchase and closing at stores. The Bills segment engages in the branding and operation of the bills restaurant, as well as the licensing business of bills. The Development segment is engaged in bills business and other new businesses.
SUNNY SIDE UP GROUP, INC. 
