Helios Net Corporation signed a basic agreement to acquire mobile information and communication equipment sales agency business from Smartvalue Co., Ltd. (TSE:9417) on February 14, 2020. Helios Net Corporation signed a business transfer agreement to acquire mobile information and communication equipment sales agency business from Smartvalue Co., Ltd. on March 31, 2020. The deal value is payable in cash. For the twelve month period ending July 1,2019, mobile information and communication equipment sales agency business reported ¥3.9 billion as net sales and ¥479 million as operating profit. The Board of Directors of Smartvalue held a resolution on February 14, 2020 for the deal. The planned business transfer agreement signing date is March 31, 2020. Due to the transfer of the business, the business transfer gain will be recorded as extraordinary income in the consolidated financial statements for the third quarter of the fiscal year ending June 2020 for Smartvalue. Helios Net Corporation completed the acquisition of mobile information and communication equipment sales agency business from Smartvalue Co., Ltd. (TSE:9417) on March 31, 2020.