Broadmedia Corporation (JASDAQ:4347) signed a share transfer agreement to acquire remaining 30.93% stake in Renaissance Academy Corporation on March 21, 2017. Broadmedia will acquire 2,060 shares. Post transaction, Broadmedia Corporation will increase its stake to 100% in Renaissance Academy Corporation and operate it as a wholly-owned subsidiary. Renaissance Academy Corporation reported sales of ¥1.38 billion, net income of ¥190 million, net assets of ¥478 million and total assets of ¥1.23 billion during the period ended March 2016. The deal is expected to close on March 27, 2017. Broadmedia Corporation (JASDAQ:4347) completed the acquisition of remaining 30.93% stake in Renaissance Academy Corporation in March 2017.