Ekitan & Co., Ltd. (TSE:3646) signed a contract to acquire 78.25% stake in Business Travel Japan, Inc. from Toshiba Digital Solutions Corporation for ¥70 million on October 13, 2017. Apart from deal value of ¥70 million to be paid for 0.01 million shares of Business Travel Japan, Ekitan will also pay due diligence expenses of ¥2 million. Post completion, Business Travel Japan will operate as a subsidiary of Ekitan. For the year ending March 2017, Business Travel Japan reported net assets of ¥75.3 million, total assets of approximately ¥144 million, sales of ¥221.4 million, operating profit of ¥38.3 million and net profit of ¥21.8 million. The Board of Directors of Ekitan passed a resolution for the deal on October 13, 2017. The tentative share transfer date is November 13, 2017.