Unimat Retirement Community Co., Ltd. (JASDAQ:9707) signed a basic agreement to acquire Amenity Life Co., Ltd. from Sumitomo Mitsui Construction Co., Ltd. (TSE:1821) on August 26, 2020. For the year ending March 31, 2020, Amenity Life reported total assets of ¥3.6 billion, net assets of ¥683 million, sales of ¥613 million, operating loss of ¥16 million and net loss of ¥19 million. At the Board of Directors meeting held on August 26, 2020, Sumitomo Mitsui Construction passed a decision on the deal.

The scheduled date of conclusion of final contract is planned for late October 2020. The planned stock transfer execution date is February 1, 2021. The effect of the transfer of shares on Sumitomo Mitsui Construction's business performance is immaterial.