System Information Co.,Ltd. (JASDAQ:3677) concluded a contract to acquire SyncSQUARE, Inc. from Kenichi Tanaka for approximately ¥210 million on February 28, 2017. Under the terms, 145 shares will be acquired. For the year ended December 31, 2016, SyncSQUARE, Inc. reported net assets of ¥100 million, total assets of ¥293 million, sales of ¥426 million, operating loss of ¥3 million and net income of ¥0.5 million. The deal is expected to close on March 1, 2017. System Information Co.,Ltd. (JASDAQ:3677) cancelled the acquisition of SyncSQUARE, Inc. from Kenichi Tanaka on February 28, 2018.