King Record Company Limited and Polygon Pictures Holdings Co., Ltd. agreed to acquire 87.76% stake in Polygon Pictures Inc. from amana inc. (TSE:2402) for ¥1.1 billion on December 18, 2014. amana will sell 0.025 million shares in the transaction. Polygon Pictures had net assets of ¥555.87 million, total assets of ¥1.51 billion, sales of ¥2.17 billion, operating profit of ¥181.95 million and net profit of ¥180.26 million for the year ending December 31, 2013. The Board of Directors of amana passed a resolution for the transaction. The share transfer agreement is scheduled to be signed on December 18, 2014. The share transfer date is scheduled on December 29, 2014. GCA Savvian Corporation (TSE:2174) acted as the financial advisor to amana inc.

Polygon Pictures Holdings Co., Ltd. completed the acquisition of 51% stake in Polygon Pictures Inc. from amana inc. (TSE:2402) for approximately ¥580 million on December 29, 2014.