Impact HD Inc. (TSE:6067) signed a basic agreement to acquire JMS-United Co.Ltd. from Sega Sammy Holdings Inc. (TSE:6460) for ¥950 million on November 29, 2019. On December 24, 2019, Impact HD Inc. (TSE:6067) executed a share transfer agreement to acquire JMS-United Co.Ltd. from Sega Sammy Holdings Inc. (TSE:6460). Impact HD Inc. will acquire 0.019 million shares.

The acquisition price equivalent will be procured by borrowing from financial institutions. For the year ending March 2019, JMS-United Co.Ltd. reported net assets of ¥952.96 million, total assets of ¥2.46 billion, net sales of ¥5.34 billion, operating loss of ¥13.73 million and negative net income of ¥0.003 million. The transaction was approved in the Board of Directors Meeting of Impact HD Inc. held on November 29, 2019.

The share transfer agreement is scheduled to be signed on December 24, 2019 and the stock transfer execution is expected to happen on January 31, 2020.