Trust Holdings Co., Ltd. agreed to acquire Daiki Sound Co., Ltd. from Red Planet Japan, Inc. (JASDAQ:3350) for ¥180 million on January 31, 2017. Under the terms of the transaction, Trust Holdings Co., Ltd. acquire all the 9 shares of Daiki Sound Co., Ltd. For the year ended December 31, 2016, Daiki Sound Co., Ltd. reported total revenues of ¥1.6 billion, total assets of ¥466.63 million, net loss of ¥56.77 million and net assets of ¥42.63 million. As of January 31, 2017, Board of Red Planet Japan, Inc. resolved the transaction. The transaction is expected to complete on February 1, 2017. Trust Holdings Co., Ltd. completed the acquisition of Daiki Sound Co., Ltd. from Red Planet Japan, Inc. (JASDAQ:3350) on February 1, 2017.