Johnan Academic Preparatory Institute, Inc. (JASDAQ:4720) agreed to acquire remaining 25% stake in GEN Co., Ltd. from Ikuko Nakamura on July 16, 2019. Upon completion, GEN Co., Ltd. will become wholly owned subsidiary of Johnan Academic Preparatory Institute, Inc. For the year ended March 31, 2019, GEN Co., Ltd. reported total common equity of ¥91.8 million, total assets of ¥154.45 million, total revenue of ¥292.8 million, EBIT of ¥4.68 million and net income of ¥2.94 million. The transaction is expected to be completed on August 29, 2019.