System Information Co.,Ltd. (JASDAQ:3677) entered into a basic agreement to acquire 50% stake in Kansai System Solutions Co., Ltd. from Toshio Wakayama, Satoru Ogura and Junta Hirooka on May 29, 2015. System Information Co.,Ltd. signed a share transfer contract to acquire 100% stake in Kansai System Solutions Co., Ltd. from ASL Co., Ltd., Toshio Wakayama, Satoru Ogura and Junta Hirooka for ¥78 million on September 15, 2015. System Information will acquire 600 shares of Kansai System. In a related deal, System Information Co.,Ltd. signed a basic agreement to acquire ASL Co., Ltd. from Toshio Wakayama, Fumiko Wakayama, Koji Wakayama, Miyuki Wakayama, Tohto C-tech Corporation, Makoto Yamashita and Yuichi Oikawa on May 29, 2015. The remaining 50% stake in Kansai System Solutions is owned by ASL Co., Ltd. System Information will now acquire 1200 shares of Kansai System. As of November 2014, Kansai System Solutions had net assets of ¥26 million, total assets of ¥88 million, sales of ¥309 million, operating profit of ¥6 million and net income of ¥6 million. The transaction was resolved by the Board of Directors of System Information on May 29, 2015. The tentative conclusion of the share transfer contract date and share transfer date is mid-September 2015. The deal is expected to close by October 1, 2015. An amount of ¥1 million will be paid as advisory expenses. System Information Co.,Ltd. (JASDAQ:3677) cancelled the acquisition of Kansai System Solutions Co., Ltd. from Toshio Wakayama, Satoru Ogura and Junta Hirooka on May 29, 2016.