Kakuyasu Group Co., Ltd. (TSE:7686) signed a contract to acquire Dangami, K.K. from Danjo Honsha Co., Ltd., Masashi Danjo and Yuko Danjo for ¥2.1 billion on November 12, 2020. Kakuyasu Group will acquire 0.02 million shares. Danjo Honsha will sell 50% stake, Masashi Danjo will sell 45% stake and Yuko Danjo will sell 5% stake. Post completion, Dangami will become a subsidiary of Kakuyasu Group. Dangami had net worth of ¥1.5 billion, total assets of ¥2.9 billion, sales of ¥7.9 billion, operating income of ¥215 million and net income of ¥259 million in the year ended January 31, 2020. Three members of Kakuyasu Group are scheduled to be appointed as Directors of Dangami. Board of Directors of Kakuyasu Group resolved the transaction. Transaction is expected to close on December 1, 2020. The impact of the acquisition of shares on consolidated business results will be minor.