KST Co., Ltd. agreed to acquire Kasco Corporation from Mamiya-OP Co., Ltd. (TSE:7991) for ¥500 million on March 18, 2022. KST Co., Ltd. will acquire 14.85 million shares of Kasco Corporation in the deal. Post-completion, Kasco Corporation will not remain a consolidated subsidiary of Mamiya-OP Co., Ltd. Kasco Corporation had net assets of ¥1.2 billion, total assets of ¥3.4 billion, sales of ¥2.9 billion and net loss of ¥403 million for the fiscal year ending March 2021.

The Board of Directors of Mamiya-OP Co., Ltd. (TSE : 7991) has resolved the deal on March 18, 2022. The contract signing date is planned to be March 22, 2022. The deal is expected to close on March 22, 2022.

The transfer is expected to result in a loss of ¥200 million for the fiscal year ending March 2022.