Tokyo Derica Co., Ltd. (TSE:9990) entered into a contract to acquire Aishin Tsusho Co., Ltd. and Lojel Japan Corporation from Masaaki Soma and 1 other shareholder for ¥1.1 billion on September 5, 2012. Tokyo will acquire 0.08 million shares of Aishin from Masaaki Soma for approximately ¥890 million and will acquire 800 shares in Lojel from Masaaki Soma and 1 other shareholder for approximately ¥220 million. Aishin had total assets of ¥923 million, net assets of ¥813 million, sales of ¥1.69 billion, operating profit of ¥228 million, current profit of ¥235 million and net income of ¥134 million for year ending March 2012 while Lojel had total assets of ¥883 million, net assets of ¥257 million, sales of ¥2.18 billion, operating profit of ¥24 million, current profit of ¥64 million and net income of ¥41 million for year ending March 2012. The Board of Directors of Tokyo resolved the transaction on September 5, 2012. The share acquisition is scheduled on October 1, 2012.

Tokyo Derica Co., Ltd. (TSE:9990) completed the acquisition of Aishin Tsusho Co., Ltd. and Lojel Japan Corporation from Masaaki Soma and 1 other shareholder on October 1, 2012.