Nhosa Corporation agreed to acquire SJ Medical Co., Ltd. from SJI Inc. (JASDAQ:2315) for ¥400 million on July 9, 2014. Nhosa Corporation will acquire 200 shares of SJ Medical Co., Ltd. The deal is subject to the approval at a Board meeting of SJI Inc to be held in the end of July 2014. As of July 30, 2014, it was announced that Nhosa Corporation agreed to acquire SJ Medical Co., Ltd. from SJI Inc. for ¥345 million.

The Board of Directors of SJI passed a resolution regarding the sale on July 9, 2014. The transfer agreement will be signed on July 31, 2014. The transaction is expected to be closed by August 1, 2014.