Sobal Corporation (JASDAQ:2186) signed a share transfer contract to acquire Andor System Support Co.,Ltd. from 36 people, including Akira Tanaka for ¥99 million on March 31, 2015. Under the terms of the deal, 0.19 million shares will be acquired. For the period ended August, 2014, Andor System Support had net assets of ¥249 million, total assets of ¥833 million, net sales of ¥687 million, operating income of ¥10 million and net income of ¥5 million.

The Board of Directors of Sobal Corporation resolved the transaction on March 31, 2015. The deal is expected to close on May 1, 2015. The estimated amount of due diligence costs is ¥3 million.