Nozomi Co. Ltd agreed to acquire Misonopia Co., Ltd from Misonoza Theatrical Corporation (NSE:9664) for ¥100 million in cash on May 28, 2013. Nozomi Co.

Ltd will acquire 200 shares of Misonopia Co., Ltd. In a related transaction, Misonoza Theatrical announced the decision to divest the home for the elderly business to Misonopia Co., Ltd. During the year ended February 2013, Misonopia Co., Ltd had net assets of ¥83 million, total assets of ¥244 million, net sales of ¥307 million, recurring loss of ¥7 million, pretax profit of ¥6 million, and net income of ¥11 million. The transaction is subject to approval at Misonoza Theatrical's fixed shareholders' meeting to be held on June 28, 2013. The Board of Misonoza Theatrical Corporation resolved the deal on May 28, 2013.

Nozomi Co. Ltd will soon sign and conclude share transfer contract with Misonoza Theatrical Corporation for the acquisition. The transaction is expected to close on August 2, 2013.