Youkosha Co., Ltd. agreed to acquire Manmaru Ltd. from Tsuna Shinohara, his three relatives and others on June 29, 2021. Youkosha will acquire 100 shares of Manmaru. Tsuna Shinohara and his three relatives each own 20% stake in Manmaru. Manmaru will become a wholly owned subsidiary of Youkosha. For the fiscal year ending on March 2021, Manmaru reported net liabilities of ¥42.54, total assets of ¥94.53 million, sales of ¥164.54 million, operating loss of ¥13.74 million, ordinary loss of ¥9.97 million and net loss after tax of ¥10.05 million. The transaction has been resolved by the Board of Youkosha on June 29, 2021. The contract conclusion date is June 30, 2021. The execution date of share transfer is June 30, 2021. The impact of the acquisition of the shares on business results for the fiscal year ending March 2022 will be minor.

Youkosha Co., Ltd. completed the acquisition of Manmaru Ltd. from Tsuna Shinohara, his three relatives and others on June 29, 2022 which is an estimated completion date.