Zett Corporation (TSE:8135) agreed to acquire Sportswear Wholesale Business of Ben-General Corp for approximately ¥270 million on November 25, 2020. Under the terms, the consideration includes inventories for ¥210 million, fixed assets of ¥9 million and business rights ¥50 million. The directors and employees of Ben-General in connection with the Business who have been interviewed and have agreed to transfer to Zett under the terms and conditions of employment offered by Zett will be transferred after the Transfer Date. The deal is expected to be completed by April 1, 2021. The impact on the consolidated business results for the current fiscal year is insignificant and will not change from the business forecast announced in the Notice of Business Forecast for the fiscal year ending March 31, 2021 on July 15, 2020