Valtes Co., Ltd. (TSE:4442) agreed to acquire Mint Co., Ltd from an individual shareholder on March 29, 2022. As part of the transaction, Valtes will acquire 220 shares representing 100% stake in Mint. Fiscal year ending March 2021, Mint reported Net worth of ¥40.6 million, Total assets of ¥50.7 million, sales of ¥161.24 million, Operating loss of ¥6.13 million and Net loss of ¥6.58 million.

The transaction is resolved by the board of Valtes and expected to complete on April 1, 2022. Valtes determined that the impact of the transaction on the consolidated financial results for the fiscal year ending March 2023 will be minor.