SHIFT, Inc. (TSE:3697) acquired VISH, Inc from Val Laboratory Corporation on January 7, 2021. Post completion VISH, Inc will be subsidiary of SHIFT, Inc. For the year ended March 31, 2020, VISH, Inc reported net assets of ¥330.1 million, total assets of ¥471.1 million, Revenues of ¥624.5 million, EBIT of ¥169.9 million and net income of ¥113.1 million. On December 22, 2020, board of directors of SHIFT, Inc. resolved the transaction. SHIFT expects that this acquisition would have no material impact on its financial results and financial condition. SHIFT, Inc. (TSE:3697) completed the acquisition of VISH, Inc from Val Laboratory Corporation on January 7, 2021.