Maruko Co., Ltd. (TSE:9980) agreed to acquire Angeliebe Co., Ltd. from RIZAP GROUP, Inc. (SPSE:2928) for approximately ¥330 million on March 14, 2018. Maruko Co., Ltd will acquire 0.02 million shares of Angeliebe representing 100% stake. Post completion, Angeliebe Co., Ltd. will operate as a subsidiary of Maruko Co., Ltd. For the year ended March 31, 2017, Angeliebe reported net liabilities of ¥203 million, total assets of ¥930 million, sales of ¥2.6 billion, operating income of ¥24 million and net loss of ¥14 million.

The transaction is resolved by the board of Maruko Co., Ltd and is expected to close on March 14, 2018. The advisory expense for the transaction is ¥6 million.