Adventure Inc. (TSE:6030) agreed to acquire RADO Travel Service Co., Ltd. from Takashi Iwa, Takanosuke Abe, Takanori Sato and 7 others for approximately ¥980 million on January 23, 2019. As per the terms of transaction, Adventure will acquire 15,350 shares represent 30.7% stake from Takashi Iwa, Adventure will acquire 15,250 shares represent 30.5% stake from Takanosuke Abe, 9,550 shares represent 19.1% stake from Takanori Sato and 9,850 shares represent 19.7% stake from 7 others. Post completion, RADO Travel Service Co., Ltd will operates as wholly owned subsidiary of Adventure Inc. As on April 24, 2019, the deal value has been revised to ¥376 million. For the year ending October 2018, RADO Travel Service Co., Ltd. reported total assets of ¥750 million, net assets of ¥458 million, revenue of ¥6.2 billion and net loss of ¥25 million. The transaction has been resolved by Board of Directors of Adventure Inc. The Board of Directors passed a corporate resolution for the revision on April 24, 2019. The deal is expected to complete on January 23, 2019. As on April 24, 2019, the tentative contract conclusion date is April 25, 2019. The transaction has an advisory expense of ¥74 million. As on April 24, 2019, the revised advisory costs is ¥67 million. Adventure Inc. (TSE:6030) cancelled the acquisition agreed to acquire RADO Travel Service Co., Ltd. from Takashi Iwa, Takanosuke Abe, Takanori Sato and 7 others on January 23, 2020.