Ichishin Holdings Co.,Ltd. (JASDAQ:4645) agreed to acquire Path Travel Co., Ltd from Path Corporation (TSE:3840) for ¥60 million on March 16, 2018. Ichishin Holdings Co.,Ltd will conclude the share transfer contract on March 16, 2018. Under the terms, Ichishin Holdings Co.,Ltd will acquire 0.01 million shares.

Post acquisition, Path Travel Co., Ltd will become a wholly owned subsidiary of Ichishin Holdings Co.,Ltd. Path Travel Co., Ltd reported net assets of ¥49.2 million, total assets of ¥69.91 million, sales of ¥310 million, operating loss of ¥5.6 million and net loss of ¥6.3 million for the year ended March 2017. The transaction is resolved by the Board of Directors of Ichishin Holdings Co., Ltd on March 16, 2018. The transaction is expected to close on March 29, 2018.