PA Co., Ltd. (TSE:4766) agreed to acquire PAcare co.,ltd. from Hirotoshi Kato for JPY 44 million on March 15, 2016. PA Co., Ltd. will acquire 44,000 shares of PAcare. PAcare co.,ltd. reported total assets of ¥47.59 million, net assets of ¥23.79 million, sales of ¥9.71 million, operating loss of ¥19.87 million and net loss of ¥20.21 million for the period ending December 31, 2015.

The transaction is expected to close on June 1, 2016.