Ku Holdings Co., Ltd. (TSE:9856) agreed to acquire Stern Yokohamahigashi Co., Ltd from Km Trading, K.K. on December 26, 2019. Under the terms, Ku Holdings Co., Ltd. will acquire 1390 shares of Stern Yokohamahigashi Co., Ltd. Post completion, Stern Yokohamahigashi Co., Ltd will operates as a subsidiary of Ku Holdings Co., Ltd. Stern Yokohamahigashi Co., Ltd reported net assets of ¥14.7 billion, total assets of ¥18.05 billion, operating income of ¥451 million, sales of ¥11.4 billion and net income of ¥1.8 billion as of July 2019. The transaction was resolved by the Board of Ku Holdings Co., Ltd. on December 26, 2019. The transaction is subject to approval from relevant authorities. The transaction is expected to close on January 31, 2020.