GEOSTR Corporation (TSE:5282) agreed to acquire 90% stake in Izumi Co. Ltd. (TSE:8273) on May 16, 2011. GEOSTR Corporation will purchase 0.081 million shares of Izumi Co. Ltd., effective October 1, 2011. In a related transaction GEOSTR Corporation also announced the acquisition of a Japan-based company. GEOSTR Corporation (TSE:5282) cancelled the acquisition of 90% stake in Izumi Co. Ltd. (TSE:8273) on May 16, 2012.