Heian Ceremony Service Co.,Ltd. (JASDAQ:2344) signed a basic agreement to acquire Sagami Life Service Co., Ltd. and Shinei Create Service Corporation from Shinei Enterprise Co., Ltd., AKK, Ltd., Koji Uzawa and Yukiko Miyagawa on November 29, 2019. The formal share acquisition agreement shall be signed until December 31, 2019. Heian Ceremony Service Co.,Ltd. (JASDAQ:2344) signed a Share Transfer Agreement for Acquisition Sagami Life Service Co., Ltd. and Shinei Create Service Corporation from Shinei Enterprise Co., Ltd., AKK, Ltd., Koji Uzawa and Yukiko Miyagawa on December 25, 2019. Heian Ceremony Service Co.,Ltd. shall acquire 600 shares each of Sagami Life Service Co., Ltd. and Shinei Create Service Corporation. Shinei Enterprise Co., Ltd. currently holds 100% interest in Shinei Create Service Corporation and 83.3% in Sagami Life Service Co., Ltd. while remaining 16.7% is held as AKK, Ltd. and Koji Uzawa holding 6.7% each and Yukiko Miyagawa holding 3.3% stake. For the year ending February 28, 2019, Sagami Life Service Co., Ltd. had net asset of approximately ¥95.8 million, total asset of approximately ¥230 million, net sales of approximately ¥314.8 million, operating loss of approximately ¥8.6 million and net loss of approximately ¥7.6 million. For the year ending September 30, 2019, Shinei Create Service Corporation had net asset of approximately ¥78.4 million, total asset of approximately ¥370 million, net sales of approximately ¥130 million, operating income of approximately ¥8.6 million and net income of approximately ¥1.04 million. As of December 25, 2019, board of directors of Heian Ceremony approved the transaction. The expected completion date of the transaction is January 1, 2020.