Stemcell Holdings, Inc. agreed to acquire Stemcell Co., Ltd. from Takaaki Matsuoka for ¥5 million in cash on March 4, 2016. Stemcell Holdings, Inc. entered into a stock purchase agreement to acquire Stemcell Co., Ltd. from Takaaki Matsuoka for ¥5 million in cash on March 23, 2016. As a result of the transaction, Stemcell Holdings will assume the business of Stemcell Co. through Stemcell Co., Ltd. as a wholly owned subsidiary. The transaction received unanimous approval by the board of directors of Stemcell Co. on March 4, 2016.

Stemcell Holdings, Inc. completed the acquisition of Stemcell Co., Ltd. from Takaaki Matsuoka on March 24, 2016.