JSS Corporation (JASDAQ:6074) signed a merger agreement to acquire remaining 90% stake in Takarazuka Swimming School Co., Ltd. from Masayoshi Mabuchi, Mikio Ikeda, Yoshinori Tochika, Minoru Shimizu, Hiroshi Kishida and Kayo Hirano for ¥45 million on May 27, 2017. JSS Corporation will pay ¥5,000 for every share of Takarazuka Swimming School and will acquire 9000 shares of Takarazuka Swimming School. Masayoshi Mabuchi, Mikio Ikeda, Yoshinori Tochika, Minoru Shimizu, Hiroshi Kishida and Kayo Hirano will sell 20%, 20%, 20%, 10%, 10% and 10% stake respectively. JSS will be the surviving company and Takarazuka Swimming School will dissolve. During the period ended March 2017, Takarazuka Swimming School reported net assets of ¥174.07 million, total assets of ¥214.19 million, sales of ¥253.79 million, operating income of ¥22.81 million and net income of ¥16.22 million. The deal is subject to approval by the shareholders of Takarazuka Swimming School on June 18, 2017. The deal was approved by the Board of Directors. The deal is expected to close on October 1, 2017. IPO Solutions,Inc. acted as a third-party evaluation institution for JSS Corporation. JSS Corporation (JASDAQ:6074) cancelled the acquisition of remaining 90% stake in Takarazuka Swimming School Co., Ltd. from Masayoshi Mabuchi, Mikio Ikeda, Yoshinori Tochika, Minoru Shimizu, Hiroshi Kishida and Kayo Hirano on May 27, 2018.