Central Jidosha Giken Corp. entered into a share transfer contract to acquire Fukuda Motors Corp. from Arkcore, Inc. (NSE:3384) for ¥150 million on December 21, 2017. Under the terms of transaction, Central Jidosha Giken Corp. will acquire 3000 shares of Fukuda Motors Corp. For the year ended February 28, 2017, Fukuda Motors Corp. reported total assets of ¥367.9 million, net assets of ¥65.5 million, revenue of ¥948.8 million, operating loss of ¥16.5 million and net loss of ¥17.8 million. The transaction has been resolved by Board of Arkcore, Inc. on December 21, 2017. The transaction is expected to be completed by January 9, 2018.