HIP Corporation (JASDAQ:2136) agreed to acquire Cosmex Co., Ltd. from Ant Care Business No. 2, a fund of Ant Capital Partners Co., Ltd., and Ichiro Hayashi for approximately ¥210 million on January 23, 2013. HIP will acquire 390 shares of Cosmex. Ichiro Hayashi will sell 23.08% stake. HIP will allocate own capital for the share acquisition. Cosmex will become HIP's consolidated subsidiary. Cosmex had net assets of ¥39.02 million, total assets of ¥210.78 million, sales of ¥124.26 million, operating loss of ¥70.32 million, ordinary loss of ¥71.04 million and net loss of ¥55.31 million for the year ending April 2012. The transaction was resolved by the Board of Directors of HIP on January 23, 2013. Conclusion of share transfer contract is scheduled on January 24, 2013 and the planned share transfer date is February 4, 2013.

HIP Corporation (JASDAQ:2136) completed the acquisition of Cosmex Co., Ltd. from Ant Care Business No. 2, a fund of Ant Capital Partners Co., Ltd., and Ichiro Hayashi on February 4, 2013. Makoto Ohta and Hideaki Zaitsu will join as part time Director and Nobuaki Tanaka will join as Director of Cosmex.