Happinet Corporation (TSE:7552) agreed to acquire Phantom Film Co., Ltd. on September 29, 2020. Under the terms of transaction, Happinet Corporation will acquire 220 shares. On September 2019, Phantom Film reported sales of ¥963 million, operating income of ¥17 million, net income of ¥3 million, net assets of ¥125 million and total assets of ¥1,256 million. Transaction is expected to close on October 1, 2020.