Shodensya Co., Ltd. (TSE:1711) agreed to acquire Aile Co., Ltd. from Kenji Nakamura for approximately ¥190 million in stock on October 6, 2016. Under the terms of the transaction, Shodensya will issue 590 new shares for each share of Aile resulting into issuance of 0.36 million new shares. Plutus Consulting Co., Ltd. acted as third party appraiser. Aile reported net assets of ¥30.5 million and total assets of ¥30.5 million for the year ending December 31, 2015. Shodensya Co., Ltd. (TSE:1711) completed the acquisition of Aile Co., Ltd. from Kenji Nakamura on October 27, 2016.