Advanex Inc. (TSE:5998) reached a resolution to acquire 14% stake in PT Yamakou Indonesia from Osamu Kusaka and others for ¥70 million (IDR 7.8 billion) on December 23, 2015. Under the terms of the transaction, Advanex will acquire 0.02 million shares. Post closing, Advanex Inc. will hold 0.02 million shares in PT Yamakou Indonesia. For the period ended December 31, 2014, PT Yamakou Indonesia had net assets of IDR 40.6 billion, total assets of IDR 96.4 billion, sales of IDR 162.6 billion, operating profit of IDR 3.6 billion and net income of IDR 111.1 billion. The impact of the acquisition on the financial results ending in March 31, 2016 will be immaterial. The currency conversions were done from www.oanda.com on December 23, 2015.

Advanex Inc. (TSE:5998) completed the acquisition of 14% stake in PT Yamakou Indonesia from Osamu Kusaka and others in 2015.