JIG-SAW INC. (TSE:3914) signed a contract to acquire remaining 13.42% stake in Mobicomm Inc. from Yoshikuni Tanaka for ¥14.9 million on October 20, 2017. JIG-SAW will issue 1.553 common shares for every common share of Mobicomm. Upon completion, Mobicomm will become a wholly owned subsidiary of JIG-SAW. For the year ended December 31, 2016, Mobicomm had net liabilities of ¥3.8 million, total assets of ¥132.9 million, sales of ¥158.7 million and operating profit of ¥17.5 million. The board of JIG-SAW resolved the transaction on October 20, 2017 and the shareholders' of JIG-SAW will approve the transaction at its extraordinary shareholders’ meeting on November 8, 2017. The transaction is expected to complete on December 1, 2017. JIG-SAW INC. (TSE:3914) cancelled the acquisition of remaining 13.42% stake in Mobicomm Inc. from Yoshikuni Tanaka on October 20, 2018.