Human Creation Holdings, Inc. (TSE:7361) concluded a contract to acquire Cosmopia Co., Ltd. from Midori Ogura and Masayoko Muto for ¥300 million on February 28, 2022. As part of the transaction, Human Creation will acquire 320 shares of which 70% shares will be acquired from Midori Ogura and 30% from Masayoko Muto. Post-completion, Cosmopia Co., Ltd. will become a wholly owned subsidiary of Human Creation Holdings, Inc. For the fiscal year ended September 2021, Cosmopia reported net worth of ¥208 million, total assets of ¥297 million, sales of ¥424 million, operating income of ¥47 million and net income of ¥32 million.

The transaction is resolved by the Board of Human Creation and is expected to complete on April 1, 2022. Human Creation will pay an advisory fee of ¥31 million.