System D Inc. (JASDAQ:3804) agreed to acquire APSIS Co., Ltd. from Chieko Eto for ¥120 million on May 20, 2019. The contract conclusion date is tentatively scheduled for May 31, 2019. As per terms, System D shall acquire 1,040 shares of APSIS. As per the transaction, APSIS shall be made into a subsidiary of System D. For the period ended May 2018, APSIS reported net assets of ¥25.5 million, total assets of ¥47.3 million, sales of ¥46.7 million and operating profit of ¥10.1 million. The transaction is expected to be completed on May 31, 2019.