Azearth Corporation (TSE:3161) agreed to acquire Maruko Co., Ltd. from Leap Co., Ltd., Masahiro Sawada, Yukie Sawada, and other relatives for approximately ¥180 million on December 11, 2013. Azearth Corporation will acquire 0.032 million shares. Masahiro Sawada will sell 30.3% stake, Yukie Sawada will sell 32.5% stake, and Leap Co., Ltd. will sell 21.8% stakes.

Azearth Corporation will operate Maruko Co., Ltd. as its wholly owned subsidiary. During the year ended January 2013, Maruko Co., Ltd. had net assets of ¥278 million, total assets of ¥1.2 billion, sales of ¥1.51 billion, operating profit of ¥4 million, current profit of ¥8 million and net income of ¥7 million. Board of Directors of Azearth Corporation made a resolution in favor of the transaction on December 11, 2013.

The advisory expenses were ¥2 million. The contract conclusion date is December 18, 2013. The transaction is expected to close on February 3, 2014.