Akiba Holdings Co., Ltd. (JASDAQ:6840) concluded stock transfer contract to acquire 65.8% stake in HPCTECH Corporation from SPRING, Inc. for JPY 30 million in cash on December 27, 2016. For the period ended September 30, 2016, HPCTECH Corporation had net assets of ¥27.5 million, total assets of ¥113.6 million, sales of ¥566.6 million, operating profit of ¥10.5 million and net income of ¥10.9 million. On December 27, 2016, the transaction was resolved by the Board of Directors of Akiba Holdings Co., Ltd. The deal is expected to close on January 16, 2017. Akiba Holdings Co., Ltd. (JASDAQ:6840) cancelled the acquisition of 65.8% stake in HPCTECH Corporation from SPRING, Inc. on December 27, 2017.