Favorina Holdings Co., Ltd. (TSE:3726) agreed to acquire Science Beaute for approximately ¥110 million in stock on March 24, 2014. Favorina Holdings will issue 224 shares of its common stock for 1 share of Science Beaute and will issue 0.84 million shares in total. Science Beaute reported net assets of ¥35.79 million and total assets of ¥111.65 million on September 30, 2013.

The transaction is expected to close on June 1, 2014. Mori Hamada & Matsumoto Law acted as legal advisor for Favorina and City-Yuwa Partners acted as legal advisor for Science Beaute.