Nippon Theme Park Development Co., Ltd. concluded a contract to acquire Nasu Kogyo K.K. from Nippon View Hotel Co., Ltd. on February 7, 2020. Nippon View Hotel Co will split Nasu Kogyo Co., Ltd.'s Hotel View Palace Business and consolidate it into Nippon View Hotel Business Co., Ltd., a wholly owned subsidiary of Nasu Kogyo. All the shares of Nasu Kogyo Co., Ltd., which will be the only Nasu Lindo Lake View View business, will be transferred to Nippon Theme Park Development Co., Ltd. Upon completion, Nasu Kogyo K.K. will operate as a sub- subsidiary of NIPPON PARKING DEVELOPMENT Co.,Ltd. (TSE : 2353), parent of Nippon Theme Park Development Co., Ltd. For the year ending April 2019, Nasu Kogyo reported sales of ¥1.5 billion, operating loss of ¥103 million, net loss of ¥1.8 billion, total assets of ¥819 million and net assets of ¥229 million. The planned execution date of share transfer is May 1, 2020. The effect of the deal on the business results of NIPPON PARKING DEVELOPMENT Co.,Ltd. for the fiscal year ending July 2020 is insignificant. Nippon Theme Park Development Co., Ltd. acquired Nasu Kogyo K.K from Nippon View Hotel Co., Ltd. on May 2020.