Triumph Corporation Ltd. agreed to acquire a 74% stake in AreaBe Japan, Inc. from Kazunari Suzuki, Digital Design Co., Ltd. and Kaeko Keitoku on June 28, 2012. After the transaction, AreaBe Japan, Inc. will operate as a consolidated subsidiary of Triumph Corporation. Triumph Corporation Ltd. is acquiring 0.09 million shares representing 74% stake. AreaBe Japan, Inc. reported sales of ¥93.31 million for the fiscal year ending March 2012. The conclusion of the share transfer agreement was done on January 18, 2013. As of January 23, 2012 the transaction has been approved by the Board of Directors of AreaBe Japan, Inc. The Board of Directors of Triumph Corporation passed a resolution for the transaction on June 28, 2012 and the transaction is expected to close on the fourth quarter of the fiscal year ending on September 2012. Kaede Financial Advisory Inc. acted as a financial advisor to AreaBe Japan, Inc.

Triumph Corporation Ltd. completed the acquisition of a 74% stake in AreaBe Japan, Inc. from Kazunari Suzuki, Digital Design Co., Ltd. and Kaeko Keitoku on January 18, 2013.