TrimGen Holdings Co., Ltd agreed to acquire 56.57% stake in StemCell Institute Inc. from Nihon Trim Co., Ltd. (TSE:6788) approximately ¥940 million on March 19, 2015. As reported, Nihon Trim Co., Ltd. will sell 3,934 shares in StemCell Institute and will hold no stake in it post transaction. As of March 2014, StemCell Institute Inc. reported net assets of ¥428 million, total assets of ¥1.4 billion, net sales of ¥481 million, Operating income of ¥67 million and net income of ¥73 million. The Board of Nihon Trim resolved the deal. The deal is expected to closed on March 30, 2015.

TrimGen Holdings Co., Ltd completed the acquisition of 56.57% stake in StemCell Institute Inc. from Nihon Trim Co., Ltd. (TSE:6788) in March, 2015.