Amiyaki Tei Co., Ltd. (TSE:2753) entered into an agreement to acquire New Look, K.K. on March 22, 2023. The board of directors of Amiyaki Tei Co., Ltd. approved the transaction. Amiyaki Tei Co., Ltd. will acquire 400 shares of New Look, K.K..

New Look, K.K. recorded net worth of ¥509 million, total assets of ¥1.7 billion, sales of ¥1.6 billion, operating income of ¥15 million, ordinary profit of ¥337 million and net income of ¥229 million for the period ended October 31, 2022. The transaction is expected to close on April 28, 2023.