Hirokazu Morita, President at Atlas signed a share transfer agreement to acquire 80% stake in Atlas Consulting Co., Ltd. from VLC Holdings Co., Ltd. (NSE:2467) for ¥320 on November 27, 2012. Hirokazu Morita is acquiring 320 shares of Atlas Consulting Co., Ltd. representing 80% stake. For the period ending March, 2012, Atlas Consulting Co., Ltd. reported total assets of ¥19 million, net liabilities of ¥42 million, sales of ¥21 million, operating loss of ¥2 million and net loss of ¥7 million. The transaction has been resolved by Board of Directors of VLC Holdings Co., Ltd. and is expected to close by November 30, 2012.

Hirokazu Morita, President at Atlas completed the acquisition of 80% stake in Atlas Consulting Co., Ltd. from VLC Holdings Co., Ltd. (NSE:2467) on November 30, 2012.