Prored Partners CO., LTD. (TSE:7034) entered into an agreement to acquire Knowledge Management Research & Institute from Akihiko Suzuki and Mikio Sasai for JPY 410 million on August 18, 2020. Under the terms of the transaction, Prored Partners will acquire 400 shares of Knowledge Management. Prior to the transaction, Akihiko Suzuki owns 62.5% of Knowledge Management while Mikio Sasai owns 37.5%. Knowledge Management reported total assets of approximately JPY 240 million, net worth of JPY 79 million, sales of approximately JPY 410 million, operating income of JPY 21 million and net income of JPY 15 million in the year ending on March 31, 2020. The transaction was approved by the Board of Directors of Prored Partners and is expected to complete on August 26, 2020.