RVH Inc. (TSE:6786) signed a basic agreement to acquire all assets of Lovely Queen K.K. on December 6, 2017. RVH Inc. and Lovely Queen Co., Ltd. signed the share agreement for ¥1.4 billion on January 23, 2018. As part of the consideration, RVH Inc. will issue 2.57 million shares for the acquisition. As per the terms of the transaction, Lovely Queen K.K. will do a company split in order to make the new company which it will establish succeed to the business foundation pertaining to its clothing business such as stores, facility assets, human resources, etc. The new company will become wholly-owned subsidiary of RVH Inc. Lovely Queen K.K. reported total assets of ¥4.6 billion, net liabilities of ¥1.1 billion, sales of ¥5.9 billion, operating loss of ¥893 million and net loss of ¥894 million for the year ended May 2017. Board of RVH Inc. resolved the transaction on January 23, 2018. The transaction is expected to close by the end of January 2018. The transaction is expected to complete on February 13, 2018. The transaction has the goal of improving the corporate value of RVH Inc. RVH Inc. requested Tetsukawa Certified Public Accountant for the calculations of share exchange ratio.