BrainPad Inc. (TSE:3655) entered into contract to acquire Mynd, Inc. from TomyK Ltd. for ¥100 million on March 17, 2015. BrainPad Inc. will acquire 900 shares of Mynd, Inc for ¥1 and will also acquire receivables that TomyK Ltd. has from Mynd, Inc for ¥100 million. BrainPad Inc. will operate TomyK Ltd. as its wholly owned subsidiary. During the year ended December 2014, Mynd, Inc. had net liabilities of ¥151 million, total assets of ¥57 million, nil sales, operating loss of ¥56 million and net loss of ¥57 million. The Board of directors of BrainPad Inc. made a resolution in favor of the transaction on March 17, 2015. The expected share transfer execution date is April 1, 2015.

BrainPad Inc. (TSE:3655) cancelled the acquisition of Mynd, Inc. from TomyK Ltd. on March 17, 2016.