Proto Corporation (TSE:4298) signed contract to acquire Cosmic Ryutuu Sangyou LTD. and Cosmic GC System Inc. from Adventure Inc. (TSE:6030) for ¥1.5 billion on March 25, 2022. As per the transaction, Proto Corporation will acquire 600 and 200 shares of Cosmic Ryutuu Sangyou LTD. and Cosmic GC System Inc. for ¥1.44 billion and ¥50 million respectively. Proto Corporation shall also pay advisory fee of ¥69 million and ¥2 million for Cosmic Ryutuu Sangyou LTD. and Cosmic GC System Inc. respectively. Post completion, Cosmic Ryutuu Sangyou LTD. and Cosmic GC System Inc. will become wholly owned subsidiaries of Proto Corporation. The transaction will be funded through own funds.

The Board of Directors has passed the resolution for the transaction. Completion is planned on April 1, 2022.

Proto Corporation (TSE:4298) completed the acquisition of Cosmic Ryutuu Sangyou LTD. and Cosmic GC System Inc. from Adventure Inc. (TSE:6030) on April 1, 2022.