Daytona Corporation (JASDAQ:7228) concluded a share transfer contract to acquire Plus Co., Ltd. from Kana Nakaguchi for approximately ¥180 million on August 7, 2017. As per terms, 40 shares will be acquired. Post completion, Plus Co., Ltd. will operate as a wholly owned subsidiary. In related deal, Daytona Corporation will acquire 64% stake in Dirt Freak Co.,Ltd. For the year ended July 2016, Plus Co., Ltd. reported net assets of ¥10 million, total assets of ¥31 million, sales of ¥138 million, operating profit of ¥6 million and net income of ¥4 million. The Board of Directors of Daytona Corporation resolved and approved the transaction on August 7, 2017. The deal is expected to close on October 2, 2017. Daytona Corporation (JASDAQ:7228) cancelled the acquisition of Plus Co., Ltd. from Kana Nakaguchi on August 7, 2018.