FLATLABO inc. agreed to acquire 80% stake in Yellow Korner Japan Co., Ltd. from amana inc. (TSE:2402) for ¥1 on June 29, 2023. As reported, amana inc. will transfer 912 shares in Yellow Korner Japan Co., Ltd and will hold no stake in in Yellow Korner Japan Co., Ltd post transaction. For the fiscal year ending December 2022, Yellow Korner Japan Co.

reported negative net worth of ¥28 million, total assets of ¥46 million, sales of ¥73 million and net loss of ¥1 million. The contract for the transaction is planned to be concluded on June 30, 2023. The Board of Directors of amana inc. resolved the transfer of shares in Yellow Korner Japan Co., Ltd. at its meeting held on June 29, 2023.

The planned stock transfer execution date is June 30, 2023. The impact of the transaction on the consolidated results of amana for the current term is expected to be minor.