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.

HOB Co.,Ltd. (JASDAQ:1382) cancelled the acquisition of Japan Potato Corp from Koganezaki-farm Co., Ltd. on December 9, 2014.