Kanamic Network Co.,LTD, completed the acquisition of 100% of outstanding shares of Urban Fit Co., Ltd., from Eisuke Uchijima and Minoru Toyoda.
May 19, 2022
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Kanamic Network Co.,LTD (TSE:3939), entered into share purchase agreement to acquire 100% of outstanding shares of Urban Fit Co., Ltd., from Eisuke Uchijima and Minoru Toyoda, on May 10, 2022. Eisuke Uchijima has 75% stake and Minoru Toyoda has 25% stake in Urban Fit Co., Ltd. The transaction is being funded by Kanamic Network own funds. In the financial year September 2021, Urban Fit reported total assets of ¥700.999 million, net assets of ¥72.760 million, total revenue of ¥504.068 million, EBIT of ¥-27.225 million and EBITDA of ¥23.626 million. The deal is expected to close on May 20, 2022.
Kanamic Network Co.,LTD (TSE:3939), completed the acquisition of 100% of outstanding shares of Urban Fit Co., Ltd., from Eisuke Uchijima and Minoru Toyoda, on May 20, 2022.
Kanamic Network Co Ltd is a Japan-based Company engaged in the building of information sharing platforms and healthcare platforms in the medical, nursing, and health fields. The Company provides four kinds of services. The Kanamic Cloud Service provides cloud services, including information sharing platforms, nursing care management systems, and childcare support systems, to medical and nursing care workers include municipal government employees, doctors, nurses, care managers, and nursing care service providers. The Platform Service provide content services, such as Internet advertisement distribution that provide useful information to medical and nursing care workers. The Healthy Life Extension Service operates and franchises fitness gyms. The Other Services include customized development for major customers, project contracting for the government, consultation services for regional development projects, and other businesses related to Kanamik Cloud Services.