NIFTY Lifestyle Co., Ltd. (TSE:4262) agreed to acquire Doors Co., Ltd. from Port Inc. (TSE:7047) for ¥1.7 billion on May 13, 2024. The consideration consists of ¥1750 million in cash. As part of the consideration, ¥1750 million was paid towards common equity.

As of March 31, 2024, Doors Co., Ltd reported net assets of ¥600 million, total assets of ¥750 million, sales of ¥1 billion, operating income of ¥170 million, and net income of ¥120 million. The deal is expected to be completed on May 31, 2024.