manaby Co.,Ltd. (TSE:9222) agreed to acquire Employment Transition Support Business from STANDY Inc for ¥20 million on March 16, 2023. Under the consideration, manaby Co plan to pay 50% of the acquisition price by the business acquisition date and the balance by the end of August 2023. manaby Co plan to settle in cash with cash on hand.

The business has sales ¥13.95 million and operating loss of ¥19.636 million for fiscal year ending September 2022. The transaction is expected to complete by June 1, 2023.