Masahiro Yasunaga, President and Representative Director of Eco and Eco Co., Ltd, agreed to acquire an additional 45.5% stake in Eco and Eco Co., Ltd from Fujitomi Co. Ltd. (JASDAQ:8740) for ¥37.5 million in cash on May 11, 2012. Masahiro Yasunaga will acquire 1000 shares of Eco and Eco Co at an offer per shares of ¥37,500. Following the completion, Masahiro Yasunaga will own 61% stake and Fujitomi will retain 34% stake in Eco and Eco Co. For the year ended March 31, 2012, Eco and Eco Co., Ltd reported net assets of ¥16 million, total assets of ¥153 million, sales of ¥994 million, operating profit of negative ¥2 million and net profit of ¥3 million. The Board of Directors of Fujitomi resolved the acquisition. The signing of the agreement will take place by mid of May 2012 and closing by late May 2012. Fujitomi Co is expected to generate a profit of ¥29 million from the deal.

Masahiro Yasunaga, President and Representative Director of Eco and Eco Co., Ltd, completed the acquisition of an additional 45.5% stake in Eco and Eco Co., Ltd from Fujitomi Co. Ltd. (JASDAQ:8740) in the period ending September 30, 2012.