Kuraudia Holdings Co.,Ltd. (TSE:3607) agreed to acquire Bridal House Shimada Co., Ltd. from Setsuko Shimada, Yoko Tomita, Hiroko Kihara, Nobuko Ito and Kazuaki Shimada for approximately ¥170 million on June 24, 2024. A cash consideration of ¥167 million will be paid by Kuraudia Holdings Co.,Ltd. As part of consideration, ¥167 million is paid towards common equity of Bridal House Shimada Co., Ltd. For the period ending June 30, 2023, Bridal House Shimada Co., Ltd. reported total revenue of ¥456 million, EBIT of ¥0 and net income of ¥0. As of June 30, 2023, Bridal House Shimada Co., Ltd. reported total assets of ¥581 million and total common equity of ¥536 million. The expected completion of the transaction is June 28, 2024.