Hideo Kinoshita agreed to acquire salus Co.,ltd. from Sophia Holdings Co., Ltd. (JASDAQ:6942) for ¥4,405 on June 29, 2015. Hideo Kinoshita will acquire 4,405 shares. Hideo Kinoshita is the Representative Director and President of salus Co.,ltd. During the year ended March 31, 2015, salus had net liabilities of ¥360.23 million, total assets of ¥362.24 million, sales of ¥1.5 billion, operating loss of ¥123.07 million and net loss of ¥143.27 million.

Board of Directors Sophia Holdings Co., Ltd. made a resolution in favor of the transaction on June 29, 2015. The share transfer contract is expected to be concluded on June 30, 2015. The tentative share transfer date is June 30, 2015.

An extraordinary gain is expected to be recorded for the first quarter of March 2016 due to the share transfer by Sophia Holdings.