Samantha Thavasa Japan Limited (TSE:7829) entered into a share transfer contract to acquire Nomadic Inc. from Stylife Corporation (JASDAQ:3037) for ¥76 million on February 4, 2013. Samantha Thavasa Japan Limited is acquiring 200 shares of Nomadic Inc. representing 100% stake. Nomadic Inc. reported net assets of ¥157 million, total assets of ¥486 million, sales of ¥649 million, operating loss of ¥38 million and net loss of ¥30 million for the period ended March 2012. The Board of Directors of Stylife Corporation has resolved to undertake the transaction. As of February 28, 2013, the expected closing date has been changed from March 4, 2013 to March 1, 2013. The transaction will lead to a loss of ¥186 million to Stylife Corporation for the period ending March 2013. Mizuho Securities Research & Consulting Co., Ltd. acted as valuation institution for calculating Nomadic's share value.

Samantha Thavasa Japan Limited (TSE:7829) completed the acquisition of Nomadic Inc. from Stylife Corporation (JASDAQ:3037) in March 2013. Stylife Corporation recorded a loss of ¥339 million from the transaction.