Teruhiko Sawahata agreed to acquire IZZAT-HOUSE Corp. from J-Holdings Corp. (JASDAQ:2721) for ¥2 on June 27, 2016. Under the terms of the deal, J-Holdings Corp. will transfer all shares and monetary claims for ¥1 each. For the period ended December 2015, IZZAT-HOUSE Corp. had net liabilities of ¥265.77 million, total assets of ¥53.8 million, sales of ¥954.26 million, operating loss of ¥29.45 million and net loss of ¥59.71 million. The transaction was resolved by Board of Directors of J-Holdings Corp. on June 27, 2016. The contract conclusion date and transfer date is June 30, 2016.