Digital Hearts Holdings Co.,Ltd. (TSE:3676) agreed to acquire ANET Corporation from Kenzo Miyajima and others on August 10, 2018. As per the terms of transaction, Digital Hearts Holdings will acquire 1980 shares in ANET Corporation. For the year end October 31, 2017, ANET Corporation reported net assets ¥123.6 million, total assets ¥170.6 million, net sales ¥251.7 million, operating income ¥20.4 and net income ¥14.2 million. The transaction is subject to due diligence and is expected to complete by August 31, 2018. The transaction will have a minor effect on the business of Digital Hearts Holdings for the fiscal year ending March 31, 2019. Frontier Management acted as financial advisor to a shareholder of ANET Corporation.