Kyoshin Co., Ltd. (TSE:4735) entered into contract to acquire Be Fair Co., Ltd. from Hideto Tabuchi for ¥520 million in cash on August 8, 2014. Kyoshin Co., Ltd. will acquire 200 shares. Kyoshin Co., Ltd. will operate Be Fair Co., Ltd. as its wholly owned subsidiary.

During the year ended March 2014, Be Fair Co., Ltd. had net assets of ¥34 million, total assets of ¥275 million, sales of ¥343 million, operating profit of ¥1 million, current profit of ¥7 million and net income of ¥6 million. The Board of Directors of Kyoshin Co., Ltd. made a resolution in favor of the transaction on August 8, 2014. The transaction is expected to close on August 18, 2014.