Miahelsa Corporation (JASDAQ:7688) signed the contract to acquire 80% stake in Lifesupport Co., Ltd. from Hinokiya Group Co.,Ltd. (TSE:1413) for ¥1.4 billion on September 16, 2021. As per terms of transaction, Miahelsa Corporation will acquire 8,800 shares of Lifesupport Co., Ltd. As on December 31, 2020, Lifesupport Co., Ltd. reported net assets of ¥1,105 million, total assets of ¥2,426 million, sales of ¥5,259 million, operating income of ¥158 million and Net income of ¥373 million. Transaction is expected to complete on October 20, 2021.

Acquisition will have a minor impact on the Hinokiya Group Co.,Ltd. consolidated financial results for the fiscal year ending December 2021.