FRANCE BED Co.,Ltd. signed a transfer contract to acquire Kashidasu Corp. from LONG LIFE HOLDING Co., Ltd. (JASDAQ:4355) on September 29, 2020. For the year ending October 2019, Kashidasu reported net worth as ¥203.2 million, total assets of approximately ¥598 million, amount of sales of ¥1.6 billion, operating loss of ¥12.2 million and net loss of ¥38.7 million. The Board of Directors of LONG LIFE HOLDING passed a resolution for the deal on September 29, 2020. The planned share transfer execution date is October 30, 2020. In addition, as the impact of the transfer of shares on the consolidated financial results for the fiscal year ending October 2020, LONG LIFE HOLDING plan to record the gain on the transfer of shares as extraordinary income, but the earnings forecast is under scrutiny as of September 29, 2020.