NSD Co., Ltd. (TSE:9759) agreed to acquire 89.5% stake in Art Holdings Co.,Ltd. from Mugenkikaku Co., Ltd. on January 31, 2023. NSD Co., Ltd. entered into transfer agreement to acquire 89.5% stake in Art Holdings Co.,Ltd. from Mugenkikaku Co., Ltd. on February 27, 2023. As part of transaction, NSD will acquire 900 shares. For the period ended July 31, 2022, Art Holdings reported total assets of ¥4.2 billion, net assets of ¥1.7 billion, revenue of ¥297 million and operating loss of ¥61 million. The transaction is expected to complete on April 3, 2023. DC Advisory acted as a financial advisor to ART Holdings Co., Ltd. Takefumi Sato of Nishimura & Asahi acted as legal advisor to Mugenkikaku Co., Ltd.

NSD Co., Ltd. (TSE:9759) completed the acquisition of 89.5% stake in Art Holdings Co.,Ltd. from Mugenkikaku Co., Ltd. on April 3, 2023.