ATOM Corporation (TSE:7412) agreed to acquire Hokkaido restaurant business from Colowide East Japan Co.,Ltd. for ¥1.4 billion on August 19, 2013. The Hokkaido restaurant business had sales of ¥6.36 billion and operating profit of ¥666 million for the year ended March 2013. The transaction was resolved by the Board of Directors of ATOM Corporation on August 19, 2013. The acquisition is expected to be completed on October 1, 2013. Transaction is expected to increase earnings of ATOM Corporation. Tokyo Kyodo Accounting Office acted as valuer and Minakami Law Office acted as legal advisor to ATOM Corporation.

ATOM Corporation (TSE:7412) completed the acquisition of Hokkaido restaurant business from Colowide East Japan Co.,Ltd. on October 1, 2013. Post transaction, Atom Hokkaido Co., Ltd is establised as a new company for Hokkaido restaurant business.