Crie Anabuki Inc. (JASDAQ:4336) agreed to acquire an additional 40% stake in SAIYO-KOBO Co., Ltd. from Yoichi Matsuura, Kazushi Takeda and Masayuki Koyama for ¥60 million on July 23, 2015. Under the transaction, Anabuki will acquire 96 shares of SAIYO-KOBO. On completion, Crie Anabuki will hold 60% stake in and SAIYO-KOBO will operate as subsidiary of Crie Anabuki.

SAIYO-KOBO reported net assets of ¥92.44 million, total assets of ¥114.95 million, sales of ¥148.99 million, operating profit of ¥19.24 million and net income of ¥13.42 million for the period ended 2014. The deal was resolved by the Board of Directors of Crie Anabuki. A share transfer contract is expected to be signed on July 24, 2015 with the completion of the deal also expected on July 24, 2015.

Crie Anabuki will pay ¥1 million as advisory expenses.