ASICS Corporation (TSE:7936) and Nippon Television Holdings, Inc. (TSE:9404) entered into an agreement to acquire R-Bies, Inc. from Jiro Hashimoto, Yukiko Hashimoto, R-bies Sports Foundation and Runners, INC on August 18, 2022. ASICS Corporation will acquire 65% of R-Bies while Nippon Television Holdings will acquire 35% of its shares. Jiro Hashimoto will sell 46% stake in R-Bies, Yukiko Hashimoto will sell 41% stake, R-bies Sports Foundation will sell 3% stake and Runners, INC will sell 10% stake in R-Bies.

For year ended August 31, 2021, R-bies reported Net Asset of ¥1,800 million, Total Assets of ¥4,305 million, Net Sales of ¥1,992 million and Operating loss of ¥461 million. The transaction is expected to close on August 31, 2022.