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.

Kagetsuenkanko Co., Ltd. (TSE:9674) completed the acquisition of Satellite Yokohama Co., Ltd. from Architect M Co., Ltd. on March 31, 2015. Bank of Yokohama, Ltd. provided a loan of ¥400 million for the transaction.