Nippon RAD, Inc. (JASDAQ:4736) entered into an agreement to acquire Arena-FX Co., Ltd. from Theater Television Co. Ltd. on February 23, 2012. On closing of the deal, Arena-FX Co., Ltd. will operate as a wholly owned subsidiary of Nippon RAD, Inc. This change of subsidiary will have minimal impact on the operating results of Nippon RAD, Inc. for the period ended March 2012.

Nippon RAD, Inc. (JASDAQ:4736) cancelled the acquisition of Arena-FX Co., Ltd. from Theater Television Co. Ltd. on February 23, 2013.