Weds Co., Ltd. (JASDAQ:7551) entered into basic agreement to acquire 70% stake in Tokyo Sharin Co., Ltd. from Kazuo Funato on October 30, 2014. Weds Co., Ltd. will operate Tokyo Sharin Co., Ltd. as its subsidiary. Board of Directors of Weds Co., Ltd. made a resolution in favor of the transaction on October 30, 2014.

Weds Co., Ltd. (JASDAQ:7551) completed the acquisition of 70% stake in Tokyo Sharin Co., Ltd. from Kazuo Funato on January 29, 2015.