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.