Softbrain Co.,Ltd. (TSE:4779) agreed to acquire an additional 14.45% stake in Softbrain Field Co., Ltd. from Pado Corporation (JASDAQ:4833) on May 1, 2015. Softbrain Co.,Ltd. will acquire 6,550 shares of Softbrain Field and will hold 72.6% stake on completion. Pado Corporation will also sell stake to Softbrain Field and will hold no stake on completion.

Softbrain Field Co., Ltd. reported net assets of ¥946 million, total assets of ¥1.2 billion, sales of ¥1.67 billion, operating profit of ¥300 million and net income of ¥192 million as of December 2014. The deal was resolved by the Board of Directors of Softbrain Co.,Ltd. on May 1, 2015. The deal is expected to complete by May 21, 2015.