MG Home Co., Ltd. (TSE:8891) entered into contract to acquire 80% stake in MG Sougou Service Co., Ltd. from Yuji Yamada on July 22, 2015. Under the terms of the transaction, MG Home Co., Ltd. will acquire 160 shares. During the year ended September 2014, MG Sougou Service Co., Ltd. had sales of ¥424.03 million, operating profit of ¥27.44 million, net income of ¥17.25 million, total assets of ¥274.4 million, and net assets of ¥168.42 million.

Board of Directors of MG Home Co., Ltd. made a resolution in favor of the transaction on July 22, 2015. The tentative share transfer date is August 1, 2015.