RVH Inc. (TSE:6786) signed a share transfer agreement and share exchange agreement to acquire 67.7% stake in Fuji Beauty Co. Ltd. from G.P Holding Co., Ltd. for ¥5.4 billion in stock on February 1, 2017. Under the terms of the transaction, RVH Inc. will acquire 0.128 million shares in in Fuji Beauty Co. Post-closing, the seller will own 16% stake in RVH Inc. For the period ended September 2016, Fuji Beauty Co. Ltd. had net assets of ¥127 million, total assets of ¥24.8 billion, sales of ¥12 billion, operating profit of ¥87 million and net income of ¥367 million. The transaction was approved by general shareholders' meeting of Fuji Beauty Co. Ltd. and Board of Directors of Fuji Beauty Co. Ltd. and RVH Inc. The transaction is expected to complete on February 22, 2017. RVH Inc. (TSE:6786) completed the acquisition of Fuji Beauty Co. Ltd. from G.P Holding Co., Ltd. on February 22, 2017. RVH Inc. will operate Fuji Beauty Co. Ltd as wholly owned subsidiary.