PHYZ Holdings Inc. (TSE:9325) signed a stock transfer agreement to acquire Chuou Unyu Co., Ltd. from Katsunori Watanabe for ¥90 million on July 21, 2020. Under the transaction, PHYZ Holdings will acquire 200 shares of common stock of Chuou Unyu. As a result, Chuou Unyu Co., Ltd. will become a subsidiary of PHYZ Holdings Inc. For the fiscal year ended March 2020, Chuou Unyu Co., Ltd. had sales of ¥639 million, operating income of ¥4 million, net income of ¥1 million, total assets of ¥632 million and net assets of ¥40 million. The transaction was resolved by the Board of Directors of PHYZ Holdings on July 21, 2020. The transaction is expected to be executed on July 30, 2020. PHYZ Holdings will pay an advisory fee of ¥22 million.