HOB Co.,Ltd. (JASDAQ:1382) agreed to acquire Japan Potato Corp from Koganezaki-farm Co., Ltd. for approximately ¥160 million on December 9, 2013. HOB Co.,Ltd. will acquire 1,300 shares of Japan Potato Corp. During the year ended September 2013, Japan Potato Corp had net assets of ¥109 million, total assets of ¥214 million, sales of ¥1.01 billion, operating profit of ¥32 million, current profit of ¥30 million and net income of ¥9 million.

The Board of Directors of HOB Co.,Ltd. made a resolution in favor of the transaction on December 9, 2013. The expected contract conclusion date is December 10, 2013 and the transaction is expected to close on December 10, 2013.