Solasto Corporation (TSE:6197) acquired Hug Hug Kids Co., Ltd. on February 17, 2022. Following completion, Solasto acquired all shares of Hug Hug Kids Co. and made it a subsidiary. Hug Hug Kids Co. generated sales of ¥1,076 million, for the fiscal year ended March 2021. Yumie Konishi, the Hug Hug Kids' founder and president, will continue to be the president even after joining the Solasto Group. The acquisition will have a minor impact on Solasto's business results.

Solasto Corporation (TSE:6197) completed the acquisition of Hug Hug Kids Co., Ltd. on February 17, 2022.