Pharmarise Holdings Corporation (TSE:2796) entered into stock transfer agreement to acquire GOOD AID Inc. from Kotoshino Co., Ltd. and Yuta Hattori on January 11, 2024. As part of the transaction, 13,556 shares will be acquired. At time of agreement, Yuta Hattori holds 36.9% stake and Kotoshino holds 36.9%.

Kotoshino will purchase remaining shares of GOOD AID by transfer date. For period ended September 2023, GOOD AID reported total assets of ¥1.4 billion, net worth of -¥538 million, sales of ¥3.1 billion, operating income of ¥81 million and net income of ¥72 million. The transaction is expected to complete on January 31, 2024.