Ashikaga Industries Co., Ltd agreed to acquire an additional 12.27% stake in Ahjikan Co., Ltd. (TSE:2907) from Masaharu Ashikaga and other shareholders on August 30, 2011. After the transaction, Ashikaga Industries Co will hold 1.93 million shares, i.e., 25.42% stake in Ahjikan Co., Ltd and Masaharu Ashikaga will hold no stake in Ahjikan Co., Ltd. The transaction is expected to be completed by August 31, 2011.

Ashikaga Industries Co., Ltd cancelled the acquisition of an additional 12.27% stake in Ahjikan Co., Ltd. (TSE:2907) from Masaharu Ashikaga and other shareholders on August 30, 2012.