hitomedia, inc. agreed to acquire 53.8% stake in PATH Market from Path Corporation (TSE:3840) for ¥25 million on September 27, 2016. Under the terms of the transaction, hitomedia will acquire 3,500 shares of PATH Market. In a related transaction, hitomedia, inc. agreed to acquire communitas inc. from Path Corporation (TSE:3840) for ¥1. PATH Market reported net assets of ¥48.64 million, total assets of ¥59.99 million, sales of ¥0.03 million, operating loss of 5.4 million, and net loss of ¥5.6 million for the period ending March 2016. The transaction is expected to close on September 30, 2016. hitomedia, inc. cancelled the acquisition of 53.8% stake in PATH Market from Path Corporation (TSE:3840) on September 27, 2017.