Image Information Inc. (JASDAQ:3803) entered into share transfer contract to acquire 50% stake in Hokuei Co., Ltd. from Tomoyasu Ie for ¥50 million on August 14, 2013. Image Information Inc. will acquire 0.001 million shares of Hokuei Co., Ltd. Hokuei Co.'s Representative Director Tomoyasu Ie, owns all of the shares of Hokuei Co. Image Information Inc. will use its own fund for the transaction. During the year ended September 2012, Hokuei Co., Ltd. had net liabilities of ¥431 million, total assets of ¥886.63 million, net sales of ¥317.01 million, operating loss of ¥568.35 million, ordinary loss of ¥583.67 million, and net loss of ¥542.96 million. Board of Directors of Image Information Inc. made a resolution in favor of the transaction on August 14, 2013. The transaction is expected to close on August 15, 2013. The advisory costs were nil.


Image Information Inc. (JASDAQ:3803) completed the acquisition of 50% stake in Hokuei Co., Ltd. from Tomoyasu Ie on August 15, 2013.