An individual agreed to acquire International Luxury Media Co., Ltd. from Seven Seas Holdings Co.,Ltd. (TSE:3750) for ¥10 million on February 26, 2018. Under the transaction, Seven Seas Holdings Co.,Ltd. transfer 6,600 shares. During the financial year ended March 2017, International Luxury Media Co., Ltd. reported net assets of ¥587 million, total assets of ¥254 million, sales of ¥41 million, operating income of ¥299 million and net income of ¥305 million.

Share transfer contract date is planned for February 28, 2018. The transaction has been resolved by the Board of Seven Seas Holdings Co.,Ltd. The transaction is expected to be completed on March 9, 2018.