Noriyuki Tomioka agreed to acquire Kansai Pado Corporation from Wellco Holdings Corporation (TSE:7831) for approximately ¥130 million on February 1, 2021. Post-closing, Wellco Holdings Corporation will not hold any stake in Kansai Pado Corporation. For the fiscal year ended October, 2020, Kansai Pado Corporation had net assets of ¥184 million, total assets of ¥477 million, sales of ¥1.33 billion, operating loss of ¥68 million and net income of ¥17 million. The Board of Directors resolution date is February 1, 2021. The share transfer execution date for 61% stake is February 1, 2021 and for 39% stake is April 30, 2021. Noriyuki Tomioka completed the acquisition of Kansai Pado Corporation from Wellco Holdings Corporation (TSE:7831) on May 31, 2021.