Mirai Holdings Co., Ltd agreed to acquire 93.3% stake in Rokugo Co., Ltd. from Asia Development Capital Co. Ltd. (TSE:9318) for approximately ¥280 million on February 17, 2017. Under the terms of transaction Mirai Holdings Co., Ltd will acquire 2425 Rokugo Co., Ltd. shares for approximately ¥280 million. For the year ended March 31, 2016, Rokugo Co., Ltd. reported revenue of ¥2.5 billion, total assets of ¥1.1 billion, EBIT of ¥148 million, net income of ¥62 million and total common equity of ¥290 million. The transaction is expected to be completed by February 28, 2017.