Techno Alpha Co. Ltd. (JASDAQ:3089) entered into a share transfer contract to acquire Kya Technologies Corporation from Kenichi Kudo for approximately ¥190 million on January 8, 2014. Techno Alpha will purchase 200 shares, representing 100% stake in Kya Technologies. Techno Alpha Co. Ltd. will operate Kya Technologies Corporation as its wholly owned subsidiary. During the year ended September 2013, Kya Technologies had net sales of ¥279 million, gross profit of ¥123 million, nil operating income, nil ordinary income, nil net income, total assets of ¥118 million and net assets of ¥79 million. The Board of Directors of Techno Alpha Co. Ltd. made a resolution in favor of the transaction on January 8, 2014. The transaction is expected to close on January 21, 2014.

Techno Alpha Co. Ltd. (JASDAQ:3089) completed the acquisition of Kya Technologies Corporation from Kenichi Kudo in January, 2014.