Rasa Corporation (TSE:3023) signed a share transfer contract to acquire Asahitech Co., Ltd. from 27 shareholders for ¥1.4 billion on December 15, 2014. Rasa will acquire 2,000 shares with funds from loans from financial institutions. Asahitech had net assets of ¥1.18 billion, total assets of ¥3.9 billion, sales of ¥3.2 billion, operating profit of ¥217 million and net income of ¥210 million for the year ending July 2014. The Board of Directors of Rasa passed a resolution for the transaction. The share transfer date is scheduled on December 15, 2014.

Rasa Corporation (TSE:3023) completed the acquisition of Asahitech Co., Ltd. from 27 shareholders on December 31, 2014.