Honyaku Center Inc. (JASDAQ:2483) signed the basic agreement to acquire a portion of the translation business from International Translation And Services Corp. for ¥30 million on March 8, 2013. Honyaku Center Inc. (JASDAQ:2483) signed the contract to acquire a portion of the translation business from International Translation And Services Corp. for ¥30 million on March 29, 2013. Honyaku Center Inc. will not take over cash and sales receivables, trade payables, responsibilities involving transactions before the takeover and liabilities etc. such as damage restitution etc. Among fixed assets, such as the system and employees engaged by the business who agreed to be transferred to Honyaku Center will resign from International Translation on the day before the transfer date. Honyaku Center will employ all targeted employees on the transfer date. Translation business had revenue of ¥220 million during the year ended 2012. Board of Directors of Honyaku Center Inc. resolved the transaction on March 8, 2013. The transaction is expected to close on June 1, 2013.

Honyaku Center Inc. (JASDAQ:2483) cancelled the acquisition of a portion of the translation business from International Translation And Services Corp. on March 8, 2014.