Hakuten Co., Ltd. (JASDAQ:2173) signed a share transfer contract to acquire additional 36.8% stake in iact Corporation from Tsuneo Suzuki for ¥110 million on December 25, 2014. Under the terms of the deal, 2166 shares will be acquired. After the transaction, Hakuten Co.

will own 70.2% stake and Tsuneo Suzuki will retain 56.4% stake in iact Corporation. For the period ended May, 2014, iact Corporation had net assets of ¥115 million, total assets of ¥309 million, sales of ¥547 million, operating profit of ¥37 million, ordinary profit of ¥34 million and net income of ¥28 million. The transaction was resolved by Board of Directors of Hakuten Co.

on December 25, 2014. The tentative share acquisition completion date is January 15, 2015. The estimated advisory expenses for the deal are ¥5 million.