Marvelous AQL Inc. (TSE:7844) agreed to acquire 52.7% stake in entersphere Inc. from Motoi Okamoto for ¥85 million on December 21, 2012. Marvelous AQL Inc. is acquiring 195 shares of entersphere Inc. representing 52.7% stake. Post transaction, Motoi Okamoto will hold 28.4% stake in entersphere Inc. For the fiscal period ending April 2012, entersphere Inc. reported total assets of ¥196.96 million, net assets of ¥44.26 million, sales of ¥351.72 million, operating profit of ¥5.02 million and net profit of ¥1.89 million. The transaction has been resolved by Board of Directors of Marvelous AQL Inc. and is expected to close by January 11, 2013.

Marvelous AQL Inc. (TSE:7844) completed the 52.7% stake in entersphere Inc. from Motoi Okamoto on January 11, 2013.