Youkosha Co.,Ltd. (TSE:6576) agreed to acquire P&A Co., Ltd from Hideki Suda, Aki Sada, Seiji Suzuki and Satoshi Kikuchi for ¥12 million on June 28, 2018. Hideki Suda will sell 91.4% stake in P&A. 700 shares will be purchased as part of the deal. P&A Co., Ltd will become a wholly owned subsidiary of Youkosha after the deal. For the period ending March 31, 2018, P&A reported total assets of ¥17.16 million, net assets of ¥7.8 million, revenue of ¥84.1 million, operating loss of ¥3.35 million and net loss of ¥3.78 million. Board of Youkosha resolved in favor of the deal on June 28, 2018. Contract will be signed on July 2, 2018 and share exchange will also take place on the same date. Advisory expenses amounted to ¥3.5 million.