Welbe, Inc. (TSE:6556) entered into an agreement to acquire Happiness Comes Co., Ltd. from Naoyuki Shibata for ¥279.2 million on September 29, 2022. The board of directors of Welbe approved the transaction. Happiness Comes Co recorded net profit of ¥3.131 million for the year ended March 31, 2022. The expected closing date for the transaction is October 4, 2022 when the shares would be transferred.

Welbe, Inc. (TSE:6556) completed the acquisition of Happiness Comes Co., Ltd. from Naoyuki Shibata for ¥279.2 million on October 4, 2022.