GiG Works Inc. (TSE:2375) agreed to acquire Yuyu Seikatsu Co., Ltd. from SCP Co., Ltd. and Imens Co., Ltd. on May 19, 2022. The consideration will be settled in cash. SCP Co., Ltd. will sell its 12.5% stake and Imens Co., Ltd. will sell its 87.5% stake to GiG Works. In a related transaction Yuyu Seikatsu Co., Ltd. will acquire Nippon Chokuhan Co., Ltd. The Yuyu Seikatsu had a net worth of approximately ¥0.04 million and total assets of approximately ¥0.16 million, as of March 31, 2022. The transaction is expected to complete on July 1, 2022.