Pado Corporation (JASDAQ:4833) agreed to acquire remaining 22.5% stake in Kyushu Pado Corp. from Fukuhaku Printing Co.,Ltd. for ¥6.5 million on June 2, 2020. As per terms, Pado Corporation will acquire 540 shares of Kyushu Pado Corp. at ¥12,037 per share. Post-completion of the transaction, Kyushu Pado Corp. will become a wholly-owned subsidiary of Pado Corporation. For the year ended March 31, 2020, Kyushu Pado Corp. reported total assets of ¥159 million, net assets of ¥108 million, total sales of ¥270 million, operating income of ¥01 million and net profit of ¥0.2 million. The transaction is expected to close on July 7, 2020.