TOKYO, Mar 11 (Pulse News Wire) – Enjin CO.,LTD. (7370.T) announced today that its subsidiary, En Journey Co., Ltd., decided to acquire 510 shares of Hotaru Tourism Company, making it a grandchild company.
The move was approved during a board meeting held. Hotaru Tourism specializes in inbound tourism services and caters to high-end travelers. By integrating Hotaru Tourism's unique strengths and network, Enjin expects to enhance its offerings and create synergies in providing high-quality experiential tours tailored to diverse needs. Additionally, the acquisition aims to address challenges such as driver shortages and vehicle investment costs through efficient management and optimal resource allocation. En Journey Co., Ltd., established on February 3, 2023, operates in the tourism sector.
It has a capital of ¥10 million and is headquartered in Wakayama, Nishimuro Gun Shirahama Chou Katada2,434-1. Hotaru Tourism, founded on September 23, 2020, has a capital of ¥1 million. The transaction is scheduled to conclude on April 1, 2026, subject to contract signing on the same day. Financial highlights of Hotaru Tourism show steady growth over the past three fiscal years, with net assets increasing from -¥206,610 to ¥8.9 million, total assets rising from ¥8.3 million to ¥56.0 million, and revenue growing from ¥28.0 million to ¥491.4 million. The acquisition price remains undisclosed due to confidentiality agreements but is deemed fair based on internal evaluations and approved by the board.
Post-acquisition, En Journey will hold 510 shares, representing 51% percent of voting rights.
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