Vinx corp. (TSE:3784) signed a share transfer contract to acquire 53.33% stake in Area Co., Ltd. from Atsushi Kageyama on June 2, 2017. Vinx will acquire 160 shares of Area. On completion, Area will become a subsidiary of Vinx. As of September 30, 2016, Area reported net assets of ¥677.13 million, total assets of ¥371.78 million, sales of ¥721.04 million, operating profit of ¥40.2 million and net income of ¥35.82 million. The transaction is expected to close on July 3, 2017. Vinx corp. (TSE:3784) cancelled the acquisition of 53.33% stake in Area Co., Ltd. from Atsushi Kageyama on June 2, 2018.