Ktk Inc. (JASDAQ:3035) signed a contract to acquire Kitabutsu Chubu Co., Ltd. from Kitabutsu Co., Ltd. for ¥20 million on June 6, 2014. Under the terms of the deal, 0.04 million shares will be acquired. As of year ending June 2013, Kitabutsu Chubu had net assets ¥37 million, total assets of ¥37 million, nil revenues, operating loss of ¥2 million, current loss of ¥2 million and net loss of ¥2 million.

The transaction was resolved by the Board of Directors of Ktk Inc. on June 6, 2014. The tentative share transfer date is June 23, 2014.