Image Information Inc. (JASDAQ:3803) agreed to acquire remaining 35.72% stake in Image Information System Inc. from Yatahisa Katayanagi on June 26, 2020. Yatahisa Katayanagi will sell 2,500 shares as a part of the transaction. Post transaction, Image Information System will operate as a wholly owned subsidiary of Image Information Inc. Image Information System reported net assets of ¥45.05 million, total assets of ¥188.23 million, sales of ¥557.33 million, operating loss of ¥11.41 million and net loss of ¥27.44 million for the year ended March 2020. The transaction is expected to complete by July 1, 2020.