ZUU Co.,Ltd. (TSE:4387) agreed to acquire AWZ Co., Ltd. from Takayuki Takagi and Kosuke Sakurai for Ñ130 million on December 27, 2022. As a part of transaction, ZUU will acquire 1500 shares. The transaction will be funded from funds borrowed from Resona Bank, Ltd. Additional payment of Ñ370 million will be made depending on degree of achievement.

For the year ended March 31, 2022, AWZ reported net worth of Ñ51 million, total assets of Ñ157 million, sales of Ñ410 million, operating income of Ñ51 million and net income of Ñ32 million. The transaction is expected to complete on January 31, 2023.