WonderCorporation (JASDAQ:3344) agreed to acquire remaining 33.5% stake in K-Corporation Inc. from Kan Sekiguchi on February 20, 2014. Under the terms of the transaction, WonderCorporation will acquire the remaining 201 shares in K-Corporation Inc. Pursuant to the transaction; K-Corporation, Inc. will become a wholly owned subsidiary of WonderCorporation. For the year ending March 2013, K-Corporation Inc. reported net assets of ¥376.87 million, total assets of ¥1.83 billion, sales of ¥4.86 billion, operating profit of ¥38.19 million, current profit of ¥29.3 million and net income of ¥15.37 million. The transaction has been resolved by the Board of Directors of WonderCorporation on February 20, 2014. The conclusion of contract is expected to occur in mid-April 2014 and the share transfer date is scheduled for May 1, 2014.

WonderCorporation (JASDAQ:3344) cancelled the acquisition of remaining 33.5% stake in K-Corporation Inc. from Kan Sekiguchi on February 20, 2015.