Cocolonet Co., Ltd. (JASDAQ:6060) signed a contract to acquire Ushiku Sougisha, Ltd. from Mitsuru Koseki, Keiko Koseki, Fumiko Nakano and Yumiko Shiratori on April 8, 2015. Mitsuru Koseki is selling 36.4% stake, Keiko Koseki is selling 18.2%, Fumiko Nakano is selling 34.5% and Yumiko Shiratori is selling 10.9% stake. Cocolonet Co., Ltd. is acquiring 5,500 shares of Ushiku Sougisha, Ltd. and will operate as a subsidiary of Cocolonet.

For the period ending April 2014, Ushiku Sougisha, Ltd. reported net assets of ¥415 million, total assets of ¥632 million, sales of ¥293 million, operating profit of ¥15 million and net income of ¥9 million. The transaction has been resolved by Board of Directors of Cocolonet Co., Ltd. The transaction is expected to be close by July 1, 2015.

Cocolonet Co., Ltd. (JASDAQ:6060) completed the acquisition of Ushiku Sougisha, Ltd. from Mitsuru Koseki, Keiko Koseki, Fumiko Nakano and Yumiko Shiratori on July 1, 2015. Yoshikazu Miura will be the President and Representative Director, Takanori Saito, Noriyuki Anzai and Seihiro Tanifuji will be the Directors of Ushiku Sougisha.