Adways Inc. (TSE:2489) acquired 90% stake in Copin Corporation from Chikara Ito for ¥0.45 million in cash on December 19, 2013. Under the terms of the transaction, Chikara Ito sold 9 shares at the price of ¥50,000 per share and reduced his holding to 1 share in Adways Inc. During the year ended March 2013, Copin Corporation had net assets of ¥0.47 million.

Adways Inc. (TSE:2489) completed the acquisition of 90% stake in Copin Corporation from Chikara Ito on December 19, 2013.