Dream Incubator Inc. (TSE:4310) and ipet Insurance Co., Ltd. entered into a share transfer agreement to acquire Pet's All Right, Inc. from Recruit Co., Ltd. on October 21, 2020. The consideration will be paid in cash. Pets all right business generated total sales of ¥368 million for the year ending March 31, 2020. The transaction is subject to obtaining the approval of the Prime Minister as stipulated in Article 271-22, Paragraph 1 of the Insurance Business Law and the implementation of incidental procedures. The transaction is expected to close on December 1, 2020.