ARCS Company Limited (TSE:9948) agreed to acquire Otani Co.,Ltd. from Shin Otani, Kazue Otani, Bucks Planning and Akira Otani on November 17, 2020. Upon completion, Otani Co.,Ltd. will be wholly owned subsidiary of ARCS Company Limited. For the year ended August 31, 2020, Otani Co.,Ltd. reported total common equity of ¥7.1 billion, total assets of ¥14.8 billion, total revenue of ¥29.5 billion, operating profit of ¥468 million and net profit of ¥320 million. The transaction is subject to due diligence. The transaction is approved by Board of Directors of Otani Co.,Ltd. and ARCS Company Limited. As on March 29, 2021, the Board of Directors of ARCS and Otani resolved to conclude a share transfer agreement. The transaction is expected to complete on April 14, 2021.