NSD Co., Ltd. completed the acquisition of 89.5% stake in Art Holdings Co.,Ltd. from Mugenkikaku Co., Ltd.
April 02, 2023
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NSD Co., Ltd. (TSE:9759) agreed to acquire 89.5% stake in Art Holdings Co.,Ltd. from Mugenkikaku Co., Ltd. on January 31, 2023. NSD Co., Ltd. entered into transfer agreement to acquire 89.5% stake in Art Holdings Co.,Ltd. from Mugenkikaku Co., Ltd. on February 27, 2023. As part of transaction, NSD will acquire 900 shares. For the period ended July 31, 2022, Art Holdings reported total assets of ¥4.2 billion, net assets of ¥1.7 billion, revenue of ¥297 million and operating loss of ¥61 million. The transaction is expected to complete on April 3, 2023. DC Advisory acted as a financial advisor to ART Holdings Co., Ltd. Takefumi Sato of Nishimura & Asahi acted as legal advisor to Mugenkikaku Co., Ltd.
NSD Co., Ltd. (TSE:9759) completed the acquisition of 89.5% stake in Art Holdings Co.,Ltd. from Mugenkikaku Co., Ltd. on April 3, 2023.
NSD Co Ltd is a Japan-based company primarily engaged in the system development business and solution business. The Company operates in four business segments. The System Development segment (financial information technology (IT)) provides software development, system consulting, and other services to banks, insurance companies, securities companies, and other financial institutions. The Systems Development segment (industrial and social infrastructure IT) provides software development, systems consulting, and other services to companies in the manufacturing, telecommunications, transportation, and other industries, as well as to public organizations. The System Development segment (IT infrastructure) provides services such as IT infrastructure and network construction, system consulting, and system maintenance and operation. The Solutions segment provides solutions by offering system-based services and selling system products.