Japan Animal Referral Medical Center Co., Ltd. (TSE:6039) signed a basic agreement to acquire Telcom Co., Ltd., from Telcom Holdings Co., Ltd., and Teruo Kobayashi on November 4, 2021. Japan Animal Referral Medical Center Co., Ltd. (TSE:6039) signed a share transfer agreement to acquire Telcom Co., Ltd., from Telcom Holdings Co., Ltd., and Teruo Kobayashi on March 17, 2022. Telcom Holdings Co., Ltd., shall sell 76.6% stake, whereas Teruo Kobayashi shall sell 23.4% stake in Telcom Co., Ltd. The acquisition price will be determined after consultation after conducting financial and legal due diligence, calculating an appropriate amount in consideration of the valuation amount based on an objectively rational valuation method. Pursuant to the terms of the agreement, Japan Animal Referral Medical Center Co., Ltd., shall acquire 0.05 million shares in Telcom Co., Ltd. The planned date of conclusion of share transfer agreement will be from early February 2021 to late March 2022. For the financial year ended July 2021, Telcom Co., Ltd., had net worth of ¥362.5 million, total assets of ¥457.4 million, sales of ¥699.6 million, operating income of ¥157.7 million and net income of ¥104.5 million. The planned date of the execution of the share transfer is late March 2022. The transaction has been resolved upon by the board of directors of Japan Animal Referral Medical Center Co., Ltd., in a meeting held on November 4, 2021. As of March 17, 2022, the planned date of the execution of the share transfer is March 18, 2022.