Beauty Kadan Co., Ltd. (TSE:3041) signed a memorandum of understanding to acquire My Success Corp. from Masayuki Aoki and Michiaki Hara on July 12, 2013. Beauty Kadan will acquire 200 shares of My Success Corp. Masayuki Aoki will sell 80% stake in My Success Corp and Michiaki Hara will sell 20% stake in My Success Corp. My Success Corp reported net liabilities of ¥37.95 million, total assets of ¥147.98 million, net sales of ¥1.11 billion, operating loss of ¥43.09 million, ordinary loss of ¥43.3 million and net loss of ¥43.37 million for the year ended March 31, 2013. The Board of Beauty Kadan Co resolved the deal on July 12, 2013. The agreement is expected to execute on August 9, 2013 and the deal is expected to close on September 1, 2013. As on August 9, 2013, the share transfer contract will be concluded by mid August 2013 and the stocks acquisition is scheduled by mid September 2013. As of September 13, 2013, the share transfer contract was signed.

Beauty Kadan Co., Ltd. (TSE:3041) completed the acquisition of My Success Corp. from Masayuki Aoki and Michiaki Hara for ¥200 on October 1, 2013.