MIRAI Corporation (TSE:3476) agreed to acquire Orico Hakataeki Minami Building from Orient Corporation (TSE:8585) for ¥1.7 billion on July 27, 2018. The sale and purchase agreement is expected to be signed on July 31, 2018. The entire consideration to be paid upon completion will be financed through loans and own funds of MIRAI Corporation.

The transaction is expected to be completed on August 1, 2018. The effect of this acquisition on its management situation in the fiscal period ending October 2018 (the 5th fiscal period) and the fiscal period ending April 2019 (the 6th fiscal period) is minor. Daiwa Real Estate Appraisal Co., Ltd. acted as an appraiser for the property in the transaction.