Hikari Tsushin, Inc. (TSE:9435) acquired 48.35% stake in Beauty Holdings Co., Ltd. from Universal Solution Systems Inc. (JASDAQ:3390) for ¥160 million on January 24, 2014. For the year ending March 2013, Beauty Holdings Co., Ltd. reported total assets of ¥172 million, net assets of ¥133 million, sales of ¥324 million, operating profit of ¥14 million and net profit of ¥5 million. The Board of Directors of Universal Solution Systems Inc passed a resolution for the transaction on January 24, 2014.

Hikari Tsushin, Inc. (TSE:9435) completed the acquisition of 48.35% stake in Beauty Holdings Co., Ltd. from Universal Solution Systems Inc. (JASDAQ:3390) on January 24, 2014.