ICO Co., Ltd. signed the provisional business transfer agreement to acquire Tokupi business from PA Co., Ltd. (TSE:4766) on February 28, 2013. The expected date for signing of the business transfer agreement is March 25, 2013. Board of Directors of ICO Co., Ltd. and PA Co., Ltd. resolved the transaction on February 28, 2013.

The transaction does not require shareholder resolution. The transaction is expected to close on April 1, 2013.