AnyMind Japan entered into a contract to acquire 53.1% stake in ENGAWA Co., Ltd from Sunny Side Up Group, Inc. (TSE:2180) on January 22, 2021. Under the terms, AnyMind will pay ¥81 million and 245 shares of AnyMind for 2,327 ENGAWA shares. For the year ended June 2020, ENGAWA had net assets of ¥5.34 million, total assets worth ¥282.37 million, net sales of ¥595.63 million, operating income ¥162 million and net profit of ¥176.22 million. The transaction was resolved by the board of Sunny Side Up Group, Inc. on January 22, 2021. The transaction is scheduled to be completed on January 29, 2021. The impact of the Share Transfer on the consolidated earnings forecast for the fiscal year ending June 2021 (July 1, 2020 to June 30, 2021) will be minor, and there will be no change to the consolidated earnings forecast.

AnyMind Japan completed the acquisition of 53.1% stake in ENGAWA Co., Ltd from Sunny Side Up Group, Inc. (TSE:2180) on January 25, 2021.