Kagetsuenkanko Co., Ltd. (TSE:9674) agreed to acquire Satellite Yokohama Co., Ltd. from Architect M Co., Ltd. for approximately ¥550 million on January 30, 2015. Kagetsuenkanko will acquire 8,000 shares of Satellite Yokohama Co., Ltd. Satellite Yokohama Co., Ltd. reported net assets of ¥105 million, total assets of ¥334 million, sales of ¥776 million, operating profit of ¥2 million and net loss of ¥2 million for the period ended March 2014. The agreement is expected to be signed on February 6, 2015 and the transaction is expected to complete on March 31, 2015.