Scinex Corporation (TSE:2376) signed a basic agreement to acquire Mail and Shipping Agency business from Lnet Corporation for ¥270 million on August 7, 2015. On September 14, 2015, Scinex Corporation and Lnet Corporation signed the agreement. After the transaction, Mail and Shipping Agency business will be known as Lnet Corporation and Lnet Corporation will change its name to Kansai Pabo Co., Ltd. The Mail and Shipping Agency business of Lnet Corporation recorded sales of ¥891.74 million, total assets of ¥14.76 million and operating profit of ¥21.67 million for 5 months, from June 2, 2014 to October 31, 2014. The acquisition is resolved by the Board of Directors on August 7, 2015 and September 14, 2015. The share transfer contract will be signed by middle of September 2015 and the transaction is expected to close on October 1, 2015.

Scinex Corporation (TSE:2376) completed the acquisition of Mail and Shipping Agency business from Lnet Corporation on October 1, 2015.