AHD Co., Ltd. signed a contract to acquire Advantive, Inc. from fonfun corporation (JASDAQ:2323) for JPY 28 million on June 19, 2019. Advantive had net assets of JPY 19 million and total assets of JPY 58 million as at March 31, 2018. For the year ending March 31, 2018, Advantive had sales of JPY 102 million, operating income of JPY 10 million and net income of JPY 6 million. Board of Directors of fonfun resolved the transaction. The transaction is expected to close on July 1, 2019. AHD Co., Ltd. cancelled the acquisition of Advantive, Inc. from fonfun corporation (JASDAQ:2323) on June 19, 2020.