On the 24th, Japan's Soshatsu Group <7814> announced that they will acquire additional shares of STUDIO ARC through transfer, making it a subsidiary.
The company plans to acquire 10,000 shares of STUDIO ARC's common stock for 0.32 billion yen on October 11th. The number of shares owned after the acquisition will be 16,000 shares (voting rights ownership ratio 100.00%).
STUDIO ARC was founded as a town photo studio in Sakai City, Osaka, and now operates a photo studio and outfits rental business. It has 24 stores mainly in Kansai and Kanto. The company focuses on creative services and actively expands and promotes a wide range of businesses.
This time, the company aims to continue the unique business of STUDIO ARC by making it a subsidiary, while also incorporating the diverse solutions of the company to provide customers with higher value-added products and services.