KAYAC Inc. (TSE:3904) agreed to acquire 75% stake in Sanko Inc. from Fumio Suzuki and others for approximately ¥410 million on November 27, 2020. Under the terms, KAYAC Inc. will acquire 28,125 shares of Sanko Inc. Sanko reported total assets of ¥737.4 million, total revenue of ¥743.6 million, operating income of ¥27.17 million, net income of ¥27.13 million and net assets of ¥461.6 million as of March 31, 2020. The transaction is expected to complete on November 30, 2020. The advisory fees includes ¥0.7 million.