Softfront Holdings Co., Ltd. (JASDAQ:2321) concluded a contract to acquire the remaining 33.8% stake in Awesome Japan Co., Ltd. from Taichi Konno and Kazuhiro Tsuchinaga for ¥67.6 million on October 28, 2016. Under the terms, 46 shares will be acquired at ¥1.4 million per share. The consideration comprises issuance of 0.3 million shares of Softfront Holdings Co., Ltd. at ¥232 per share. Taichi Konno and Kazuhiro Tsuchinaga will sell 28.67% and 5.14% stake respectively. Post this transaction, Awesome Japan Co., Ltd. will operate as a wholly owned subsidiary of Softfront Holdings Co., Ltd. For the year ended October 31, 2015, Awesome Japan Co., Ltd. reported net assets of ¥3 million, sales of ¥31 million, operating profit of ¥3 millionand total assets of ¥8 million. The deal is subject to approval from shareholders of Softfront Holdings Co., Ltd. on November 30, 2016. Corporate resolution for the deal is approved on October 28, 2016. The deal is expected to close on December 1, 2016. Softfront Holdings Co., Ltd. (JASDAQ:2321) completed the acquisition of the remaining 33.8% stake in Awesome Japan Co., Ltd. from Taichi Konno and Kazuhiro Tsuchinaga on December 1, 2016.