Asahipen Corporation (TSE:4623) entered into an agreement to acquire The Pet Co., Ltd. from Hiroshi Shioda and others on April 21, 2022. For the year ended May 2021, The Pet Co reported ¥1.807 billion total assets, ¥3.807 billion revenue, ¥154 million net income, ¥176 million business profit. The transaction is expected to close on April 27, 2022.

Asahipen Corporation (TSE:4623) completed the acquisition of The Pet Co., Ltd. from Hiroshi Shioda and others on April 27, 2022. Post completion, The Pet Co., Ltd. has become wholly owned subsidiary of Asahipen Corporation.