Kose R.E. Co., Ltd. (JASDAQ:3246) agreed to acquire Spiral Steps from Gimoto Kosan Co., Ltd. for approximately ¥380 million on July 8, 2013. Kose R.E. Co., Ltd will fund the deal by taking a loan from a financial institution. The scheduled date of signing of the agreement is July 10, 2013. The Board of Directors of Kose R.E. Co., Ltd. passed a resolution for the transaction on July 8, 2013. The transaction is expected to close on July 17, 2013.

Kose R.E. Co., Ltd. (JASDAQ:3246) cancelled the acquisition of Spiral Steps from Gimoto Kosan Co., Ltd. on July 8, 2014.