Sunleisure, Inc. agreed to acquire K-Corporation Inc. from WonderCorporation (JASDAQ:3344) and Kan Sekigushi on February 20, 2014. One share of K-Corporation's stock will be exchanged with 10 shares of Sunleisure's stock. Sunleisure will issue 6000 shares as consideration. Pursuant to the transaction, K-Corporation will be dissolved and Sunleisure will be the surviving entity. K-Corporation reported net assets of ¥0.38 million, total assets of ¥1.83 million, sales of ¥4.88 million, operating profit of ¥0.04 million and net income of ¥0.02 million for the year ended March 31, 2013. The transaction is subject to approval by the shareholders of Sunleisure and K-Corporation at a meeting scheduled in April 2014. The Boards of Directors of Sunleisure and K-Corporation have approved the transaction on February 20, 2014, the agreement is expected to be signed in late April 2014 and the transaction is expected to close by June 1, 2014.

Sunleisure, Inc. cancelled the acquisition of K-Corporation Inc. from WonderCorporation (JASDAQ:3344) and Kan Sekigushi on February 20, 2015.