Kenkou Corporation, Inc. (SPSE:2928) and GEO DINOS Co., Ltd. (JASDAQ:4650) acquired 85% stake in DropWave Inc. from Hiroyuki Mase and Hideaki Nakagawa for ¥34 million on April 11, 2014. Kenkou Corporation, Inc. is acquiring 0.05 million shares representing 75% stake and GEO DINOS Co., Ltd. is acquiring 6880 shares representing 10% stake in DropWave Inc. Kenkou Corp to buy 75% stake in DropWave for ¥29.98 million and Geo Dinos to buy 10% stake for ¥4 million. For the period ending June 2013, DropWave Inc. reported total assets of ¥227 million, net liabilities of ¥47 million, sales of ¥616 million, operating loss of ¥59 million and net loss of ¥72 million. The transaction has been approved by Board of Directors of Kenkou Corporation, Inc. and GEO DINOS Co., Ltd.

Kenkou Corporation, Inc. (SPSE:2928) and GEO DINOS Co., Ltd. (JASDAQ:4650) completed the acquisition of 85% stake in DropWave Inc. from Hiroyuki Mase and Hideaki Nakagawa on April 11, 2014.