Daytona Corporation (JASDAQ:7228) concluded a share transfer contract to acquire Dirt Freak Co.,Ltd. from DirtFreak HD Co., Ltd on August 7, 2017. Under the terms of transaction, Daytona Corporation will acquire 6660 shares through share acquisition and remaining shares will be acquired through share exchange. The combined value of 64% stake in Dirt Freak through share acquisition and Plus Co., Ltd acquisition is ¥412 million and advisory costs are about ¥85 million. Under the share exchange, Daytona will allot 63.3 shares for every common share of DirtFreak. In a related transaction, Daytona Corporation concluded a share transfer contract to acquire Plus Co., Ltd. from Kana Nakaguchi. For the year ended November 30, 2016, Dirt Freak Co.,Ltd. reported net assets of ¥591 million, total assets of ¥1.2 billion, sales of ¥1.7 billion, operating profit of ¥88 million and net income of ¥80 million. The Board of Daytona Corporation approved the transaction. The transaction is expected to be completed by October 2, 2017. Akasaka International Tax & Co. acted as valuer in the transaction. Daytona Corporation (JASDAQ:7228) completed the acquisition of Dirt Freak Co.,Ltd. from DirtFreak HD Co., Ltd on October 3, 2017.