Meiko Network Japan Co., Ltd. (TSE:4668 intent to acquire RUNWELLNESS CO., LTD. from Runsystem Co.,Ltd. (TSE:3326) on February 28, 2024,Meiko Network Japan Co., Ltd. (TSE:4668) signed a share sales agreement to acquire RUNWELLNESS CO., LTD. from Runsystem Co.,Ltd. (TSE:3326) for ¥380 million on February 29, 2024. As part of agreement, Meiko agreed to acquire 1000 shares or 100% interest in RUNWELLNESS. As of March 2023, RUNWELLNESS reported a net assets of ¥24.2 million, total assets of approximately ¥200 million, net sales of approximately ¥380 million, operating profit of ¥42.1 million and net income of ¥20.2 million.

The board of Runsystem Co has approved the transaction. The deal is estimated to close on March 25, 2024.