Ichimasa Kamaboko Co., Ltd. (JASDAQ:2904) agreed to acquire remaining 57.04% stake in Orient Plan Co., Ltd. from Sato Foods Co., Ltd. (TSE:2923) and Kameda Seika CO., Ltd. (TSE:2220) on February 7, 2014. As part of the transaction, loan claims will also be transferred to Ichimasa Kamaboko. Orient Plan Co., Ltd. reported net liabilities of ¥221.85 million, total assets of ¥31.2 million, sales of ¥224.51 million, operating loss of ¥9.26 million, ordinary loss of ¥8.87 million and net loss of ¥9.16 million for the year ended March 31, 2013.

The Board of Directors of Ichimasa Kamaboko approved the transaction. The transaction is expected to be implemented by February 14, 2014.