Walnut Corp. agreed to acquire an additional 2.03% stake in Kura Corporation (TSE:2695) from Kunihiko Tanaka on December 14, 2012. Kunihiko Tanaka, Representative Director and President, of Kura will sell 0.42 million shares and reduce his holding to 1.76 million shares.

Walnut Corp will increase its holding from 4.76 million shares to 5.18 million shares. The transaction will have no impact on the management system and operating results of Kura. The transaction is expected to close on December 17, 2012.