inspec Inc. (TSE:6656) concluded a share transfer contract to acquire 51% stake in First EIE SA from Sylvain Skynazy and Michel Juillerat for ¥480 million on March 19, 2015. inspec will acquire 2550 shares of First EIE. For the period ended December, 2014, First EIE SA had net assets of CHF 1.47 million (¥178.53 million), total assets of CHF 2.06 million (¥250.03 million), net sales of CHF 3.99 million (¥483.83 million), operating income of CHF 0.01 million (¥1.33 million) and net income of CHF 0.008 million (¥0.97 million).

The transaction was resolved by Board of Directors of inspec Inc. on March 19, 2015. The scheduled share delivery date is March 30, 2015. The advisory fee for the transaction is ¥40 million.

The currency conversion have been made from www.oanda.com as of December 31, 2014.