Autobacs Seven Co., Ltd. completed the acquisition of the remaining 85.1% stake in Autobacs System Solution Co., Ltd. from Fujitsu Limited for ¥380 million
June 26, 2023
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Autobacs Seven Co., Ltd. (TSE:9832) agreed to acquire 85.1% stake in Autobacs System Solution Co., Ltd. from Fujitsu Limited (TSE:6702) on January 18, 2023. Autobacs Seven Co., Ltd. will acquire 1,617 shares of Autobacs System Solution Co., Ltd. Autobacs System Solution Co., Ltd. will become wholly owned subsidiary of Autobacs Seven Co., Ltd. Autobacs System Solution Co., Ltd Reported total Common equity of ¥626 million, Total assets Worth ¥1,166 million, Total Revenue of ¥2,418 million, EBIT of ¥192 million and Net income of ¥131 million in year ending March 31, 2022. The transaction is expected to Complete on April 1, 2023. As of March 22, 2023, the transaction is expected to close on April 3, 2023.
Autobacs Seven Co., Ltd. (TSE:9832) completed the acquisition of the remaining 85.1% stake in Autobacs System Solution Co., Ltd. from Fujitsu Limited (TSE:6702) for ¥380 million on June 28, 2023.
Fujitsu specializes in constructing hardware. The group also provides computing services. Net sales (including intra-group) break down by activity as follows:
- computing services (75.8%): design and development of information systems, integration of infrastructures (software, servers, etc.), installation of hardware, outsourcing services, etc.;
- sale of computing and electronic devices (12.4%): computers, mobile phones, hard disk drives, etc.;
- sale of electronic components (11.8%): semiconductors, relays, connectors, batteries, etc.
Japan accounts for 68% of net sales.
Autobacs Seven Co., Ltd. completed the acquisition of the remaining 85.1% stake in Autobacs System Solution Co., Ltd. from Fujitsu Limited for ¥380 million