M H Group Ltd (JASDAQ:9439) agreed to acquire Arts Co.,Ltd from Sabrina Fair Co., Ltd. and Bacchus Co., Ltd. for ¥210 million on March 24, 2016. M H Group Ltd will acquire 600 shares of Arts Co.,Ltd. Arts Co.,Ltd reported total assets of ¥102 million, net assets of ¥67 million, sales of ¥148 million, operating profit of ¥8 million and net loss of ¥8 million for the period ended March 2015. The transaction was resolved by the Board of M H Group Ltd. A contract is expected to be concluded on March 30, 2016.

The transaction is expected to complete on April 1, 2016.