MEDIA DO HOLDINGS Co.,Ltd. (TSE:3678) entered into an agreement to acquire Nihon Bungeisha, Inc. from RIZAP GROUP, Inc. (SPSE:2928) for 1.5 billion on March 25, 2021. Under the terms, MEDIA DO HOLDINGS will acquire 4,067,000 shares of Nihon Bungeisha. For the year ending March 2020, Nihon Bungeisha reported net asset of 2.6 billion, total assets of 4.2 billion, sales of 3.9 billion, business loss of 5.2 million, ordinary loss of 12.5 million and net loss of 4.7 million. At the Board of Directors meeting held on March 25, 2021, MEDIA DO HOLDINGS Co.,Ltd. resolved this transaction. The transaction is expected to close on March 31, 2021.

MEDIA DO Co., Ltd. (TSE:3678) completed the acquisition of Nihon Bungeisha, Inc. from RIZAP GROUP, Inc. (SPSE:2928) on March 31, 2021.