Johnan Academic Preparatory Institute, Inc. (JASDAQ:4720) agreed to acquire JBS Nursery Corporation for ¥150 million on March 27, 2017. Johnan Academic Preparatory Institute, Inc. will acquire 1000 shares of JBS Nursery Corporation as part of the transaction. JBS Nursery Corporation had total assets of ¥81 million, net liabilities of ¥21 million, revenue of ¥249 million, operation profit of ¥22 million and net profit of ¥13 million as on March 31, 2016. The transaction has been resolved by the Board of Directors of Johnan Academic Preparatory Institute, Inc. on March 27, 2017. The share transfer contract is expected to be concluded on April 5, 2017. The transaction is expected to complete on May 1, 2017.