The company decided to acquire all ordinary shares of Zealox Inc., a women-focused web design school operator, and consolidate it as a subsidiary. The acquisition price is 350 million yen plus 47 million yen in advisory fees. The company will finance this acquisition through a 350 million yen loan from Sumitomo Mitsui Banking Corporation with financial covenants, with repayment due by February 28, 2029.
¥397M
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Summary
The company decided to acquire all ordinary shares of Zealox Inc., a women-focused web design school operator, and consolidate it as a subsidiary. The acquisition price is 350 million yen plus 47 million yen in advisory fees. The company will finance this acquisition through a 350 million yen loan from Sumitomo Mitsui Banking Corporation with financial covenants, with repayment due by February 28, 2029.
Counterparty: Zealox Inc. (株式会社Zealox); Sumitomo Mitsui Banking Corporation (株式会社りそな銀行)