REINS international inc. signed a contract to acquire 80% stake in Kappa Create Korea Co., Ltd. from Kappa-Create Co., Ltd. (TSE:7421) for ¥730 million (KRW 7.3 billion) on March 30, 2018. For the fiscal year ending December 2017, Kappa Create Korea Co., Ltd. reported net assets of KRW 650 million, total assets of KRW 7.8 billion, sales of KRW 15.4 billion, operating income of KRW 1.4 billion and net income of KRW 1.1 billion. As on March 30, 2018, the Board of Directors of Kappa-Create Co., Ltd. passed a resolution for the deal. The scheduled stock transfer execution date is March 30, 2018.