MEDIA DO Co., Ltd. completed the acquisition of Nihon Bungeisha, Inc. from RIZAP GROUP, Inc..
March 30, 2021
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MEDIA DO HOLDINGS Co.,Ltd. (TSE:3678) entered into an agreement to acquire Nihon Bungeisha, Inc. from RIZAP GROUP, Inc. (SPSE:2928) for 1.5 billion on March 25, 2021. Under the terms, MEDIA DO HOLDINGS will acquire 4,067,000 shares of Nihon Bungeisha. For the year ending March 2020, Nihon Bungeisha reported net asset of 2.6 billion, total assets of 4.2 billion, sales of 3.9 billion, business loss of 5.2 million, ordinary loss of 12.5 million and net loss of 4.7 million. At the Board of Directors meeting held on March 25, 2021, MEDIA DO HOLDINGS Co.,Ltd. resolved this transaction. The transaction is expected to close on March 31, 2021.
MEDIA DO Co., Ltd. (TSE:3678) completed the acquisition of Nihon Bungeisha, Inc. from RIZAP GROUP, Inc. (SPSE:2928) on March 31, 2021.
Media Do Co Ltd, formerly known as Media Do Holdings Co Ltd is a Japan-based company mainly engaged in the distribution of electronic books (e-books) mainly for smartphones, tablet terminals and other mobile terminals. The Company operates through two business segments. E-book Distribution segment entrusts e-book contents from publishers and other content owners, distributes them to client e-book stores, and sells them through its own e-book stores. It also engaged in the strategic planning, e-book management consultation, e-book site production and management support. The Others segment is engaged in media management, publishing and creative support services. The Company is also engaged in the operation of filer, which is a service that provides summary contents of books; the provision of electronic comic coloring, comic drawing support service; as well as the operation of the community media MyAnimeList.