Azuma House Co., Ltd. (JASDAQ:3293) agreed to acquire 70% stake in Chintai Jutaku Kanri K.K., CJC Management Center Co., Ltd. and Aiwa Life Net, K.K. from individuals on December 17, 2019. The transaction includes 140 shares from each company to be acquired from individuals. The transaction would be financed from using cash on hand and borrowing. The financials of Chintai Jutaku Kanri for financial year January 2019 are total assets of approximately ¥ 410 million, net assets of approximately ¥ 310 million, operating income of ¥ 67.8 million and net income of ¥ 47.5 million. The financials of CJC Management Center for financial year September 2019 are total assets of approximately ¥ 430 million, net assets of approximately ¥ 310 million, operating income of ¥ 77.8 million and net income of ¥ 52.4 million. The financials of Aiwa Life Net for financial year May 2019 are total assets of ¥ 1 billion, net assets of approximately ¥ 860 million, operating income of approximately ¥ 140 million and net income of ¥ 98.7 million. The transaction is expected to close on January 31, 2020.