Mediaflag Inc. (TSE:6067) signed a share transfer contract to acquire Shinwa Kikaku Co., Ltd from Tetsuya Yamada, Koji Sakaguchi, Kyoko Sakaguchi, Keisuke Shiga and Kayo Shiga for approximately ¥400 million on December 18, 2018. Mediaflag Inc will acquire 1600 shares of Shinwa Kikaku. Tetsuya Yamada, Koji Sakaguchi, Kyoko Sakaguchi, Keisuke Shiga and Kayo Shiga will sell 60%, 10%, 10%, 10% and 10% stake respectively in Shinwa Kikaku. Post completion, Shinwa Kikaku will become subsidiary of Mediaflag. Shinwa Kikaku Co., Ltd reported total assets of ¥721.5 million and net assets of ¥620.2 million as of January 31, 2018 and revenues of ¥879.8 million, operating loss of ¥25.9 million and net profit of ¥47.6 million for the year ended January 31, 2018. The transaction is resolved by the Board of Mediaflag Inc. The transaction is expected to complete on January 7, 2019. Impact HD Inc. (TSE:6067) cancelled the acquisition of Shinwa Kikaku Co., Ltd from Tetsuya Yamada, Koji Sakaguchi, Kyoko Sakaguchi, Keisuke Shiga and Kayo Shiga on December 18, 2019.