Welbe, Inc. (TSE:6556) entered into an agreement to acquire Happiness Comes Co., Ltd. from Naoyuki Shibata for Ñ279.2 million on September 29, 2022. The board of directors of Welbe approved the transaction. Happiness Comes Co recorded net profit of Ñ3.131 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.