Integral Corporation signed a contract to acquire Sanden Retail Systems Corporation from Sanden Holdings Corporation (TSE:6444) for ¥50 billion on August 7, 2019. The consideration includes stock transfer price of ¥39.8 billion and loan receivable transfer price. As of March 31, 2019, Sanden Retail Systems Corporation reported net assets of ¥3.02 billion and total assets of ¥27.6 billion. For the year ended March 31, 2019, Sanden Retail Systems Corporation reported net sales of ¥53.75 billion, operating income of ¥764 million and net income of ¥311 million. The transaction was resolved by Board of Directors of Sanden Holdings Corporation on August 7, 2019. The transaction is expected to close on October 1, 2019. Daiwa Securities Co., Ltd. acted as the financial advisor and Mori Hamada & Matsumoto Law Office acted as the legal adviser to Sanden Holdings Corporation.