Hoism Co., Ltd. signed an agreement to acquire Marvelant Co., Ltd. from Image Information Inc. (JASDAQ:3803) for ¥46 million on September 17, 2021. As per the transaction, Hoism Co., Ltd. will acquire 4460 shares representing 100% stake of Marvelant Co., Ltd. As of March 31, 2021, Marvelant Co., Ltd. has reported total assets of ¥38 million, net assets of CNY 159 million, sales of ¥81 million and ordinary income of ¥4 million. The Board of Directors of Image Information Inc. has resolved the transaction. Completion is planned on September 28, 2021. Hoism Co., Ltd. completed the acquisition of Marvelant Co., Ltd. from Image Information Inc. (JASDAQ:3803) on September 28, 2021. With the completion of the Share Transfer, it is expected that approximately 40 million yen will be recorded as a gain on the transfer of the shares of the subsidiary. The earnings forecast for the fiscal year ending March 2022 is under scrutiny, including other factors, and we will promptly notify you if it becomes necessary to revise the earnings in the future.