Fringe81 Holdings Co., Ltd. agreed to acquire 65.4% stake in Fringe81, Inc. from UNITED, Inc. (TSE:2497) for approximately ¥200 million on January 31, 2013. Fringe81 Holdings Co., Ltd. will acquire 9,950 shares. UNITED will hold no share in Fringe81 after the transaction.

For the year ended March 2012, Fringe81 had net assets of ¥235.8 million, total assets of ¥407.8 million, sales of ¥613.84 million, operating profit of ¥20.04 million, current profit of ¥19.19 million, and net income of ¥19.61 million. Board of Directors of UNITED resolved the transaction on January 31, 2013. The transaction is expected to close on March 29, 2013.

UNITED expects ¥30 million extraordinary profit due to this transaction for the fiscal year ending March 2013.