Asuka Co. Ltd. agreed to acquire an 86% stake in the solution business of Ktk, Inc. (JASDAQ:3035) for ¥20 million on February 5, 2016. Ktk will set up a new subsidiary that will hold the solution business and then sell 8,600 shares of the subsidiary to Asuka Co.

The transaction expected to be completed by March 22, 2016.