Johnan Academic Preparatory Institute, Inc. (JASDAQ:4720) agreed to acquire Lingo L.L.C. from Isao Hayashi on November 27, 2015. As per the agreement all 200 shares will be acquired. LINGO L.L.C. reported total assets of ¥33.5 million, net assets of ¥27.05 million, sales of ¥61.53 million, operating profit of ¥0.45 million and net loss of ¥1.79 million for the period ending January 2015.

Transaction is expected to close on December 1, 2015.