Adventure Inc. (TSE:6030) signed a contract to acquire Tet Corporation from Hiroki Asai for approximately ¥280 million on June 12, 2018. Post completion, Tet Corporation will operate as a wholly owned subsidiary of Adventure Inc. For the fiscal year ending March 31, 2018, Tet Corporation reported net assets of ¥15.2 million, total assets of ¥73.3 million, sales of ¥12.5 million, operating income of ¥3 million and net income of ¥10.5 million As on June 12, 2018, Board of Directors of Adventure Inc. passed a resolution for the deal. The deal is expected to close on June 12, 2018. Adventure Inc. (TSE:6030) cancelled the acquisition of Tet Corporation from Hiroki Asai on June 12, 2019.