WESTMAN, INC. acquired Diamond Dining International Corporation from DD Holdings Co.,Ltd. (TSE:3073) on August 16, 2021. As per terms of transaction, DD Holdings Co.,Ltd. sold 10,000 shares of Diamond Dining International Corporation. , In addition to the transfer price, DD Holdings Co.,Ltd. will enter into a clause to receive conditional transfer consideration (hereinafter referred to as earn-out consideration) from the other party to the transfer of shares of DDIC, depending on the degree of achievement of business performance. As on December 31, 2020, Diamond Dining International Corporation reported Net assets of -¥887 million, Total assets of ¥192 million, Sales of ¥394 million, Operating income of -¥370 million and Net income of -¥359 million. The entire amount of the receivables from the subsidiary has already been recorded as an allowance for doubtful accounts in the previous fiscal year, and the impact on the individual settlement of accounts for the fiscal year ending February 2022 will be minor. WESTMAN, INC. completed the acquisition of Diamond Dining International Corporation from DD Holdings Co.,Ltd. (TSE:3073) on August 16, 2021.