arara inc. (TSE:4015) entered into a basic share exchange agreement to acquire remaining 66.7% stake in Valuedesign Inc. (TSE:3960) for ¥2.3 billion on January 14, 2022. Under the terms of transaction, arara inc. will issue its one share for every 3.2 share of Valuedesign. 3,698,323 arara shares to be delivered through the Share Exchange. arara inc currently owns 33.3% stake in Valuedesign, By conducting a share exchange with Arara as the wholly-owning parent company of the share exchange and Value Design as the wholly owned subsidiary of the share exchange, Arara will be able to hold all the common shares of Value Design from the shareholders who hold the common shares of Value Design. Value Design will become a wholly owned subsidiary of Arara. In addition, along with the Share Exchange, Arara's cashless business will be integrated into Valuedesign, and Arara's other businesses will be transferred to a new company, and the current Arara will function as a joint holding company for both companies. arara Board passed Resolution on January 14, 2022 and Final contract conclusion date will be in March 2022. Resolution date of the general meeting of shareholders April 2022 (planned). Last trading date of Valuedesign Inc. shares May 27, 2022 (planned) and Effective date of share exchange is planned on June 1, 2022. Arara has appointed Plutus to provide fairness opinion and Daichi Law Offices as a legal advisor and Grant Thornton Taiyo Advisors Co., Ltd as financial advisor.

arara inc. (TSE:4015) completed the acquisition of remaining 66.7% stake in Valuedesign Inc. (TSE:3960) on May 30, 2022.