Sogo Medical Holdings Co.,Ltd. (TSE:9277) entered into a share transfer contract to acquire Luft Medical Care, Inc. from Xirapha Karte System Co.,Ltd. on April 23, 2019. As per the terms, Sogo Medical Holdings shall acquire 3,700 shares of Luft Medical Care. Upon completion, Luft Medical Care shall operate as a subsidiary of Sogo Medical Holdings. For the period ended July 2018, Luft Medical Care reported net assets of ¥1.29 billion, total assets of ¥3.52 billion, sales of ¥8.21 billion, operating profit of ¥297.2 million and net income of ¥194.9 million. The transaction is expected to be completed on May 27, 2019.

Sogo Medical Holdings Co.,Ltd. (TSE:9277) cancelled the acquisition of Luft Medical Care, Inc. from Xirapha Karte System Co.,Ltd. on April 23, 2020.