Dream Development Co., Ltd. agreed to acquire PR Life, K.K. from Fasteps Co., Ltd. (TSE:2338) for approximately ¥550 million on August 25, 2017. The security interest execution date is August 25, 2017. Under the terms of the transaction, Dream Development Co., Ltd. will acquire 1,530 shares of PR Life, K.K. Post-acquisition, PR Life, K.K. will cease to be the subsidiary of Fasteps Co., Ltd. For the year ended February 28, 2017, PR Life, K.K. reported total revenues of ¥3.66 billion, total assets of ¥2.91 billion, operating loss of ¥92.15 million, net loss of ¥31.70 million and net assets of ¥1.32 billion. Board of Directors resolved the transaction on August 25, 2017. The transaction is expected to complete on August 25, 2017. Dream Development Co., Ltd. cancelled the acquisition of PR Life, K.K. from Fasteps Co., Ltd. (TSE:2338) as of August 25, 2018.