King Jim Co., Ltd. (TSE:7962) signed a share transfer agreement to acquire Life on Products, Inc. from Masafumi Imai for ¥3.5 billion on October 13, 2021. For the year ending on May, 2021, Life on Products reported Net worth of ¥1.9 billion, Total assets of ¥2.5 billion, Sales ¥4.2 billion and Net profit of approximately ¥520 million. The transaction is expected to close on November 4, 2021.

The consideration includes advisor fees of ¥170 million.