HYPER Inc. (JASDAQ:3054) concluded a contract to acquire Multinet Corporation Japan from Kiyoshi Oike and another individual for approximately ¥360 million on May 12, 2017. Under the terms, HYPER Inc. will acquire 2,000 shares, representing 100% stake in Multinet Corporation Japan. For the year ended January 31, 2017, Multinet Corporation Japan had net assets of ¥130 million, total assets of ¥226 million, sales of ¥317 million, operating profit of ¥39 million and net income of ¥26 million. The transaction was resolved by the Board of HYPER Inc. on May 12, 2017 and is expected to close on July 3, 2017. HYPER Inc. will pay an advisory cost of ¥39 million for the transaction. HYPER Inc. (JASDAQ:3054) cancelled the acquisition of Multinet Corporation Japan from Kiyoshi Oike and another individual on May 12, 2018.