Itfor Inc. (TSE:4743) agreed to acquire remaining 20.1% stake in ICR Co., Ltd. from Shigeyoshi Imai on June 14, 2016. Itfor will first acquire 123 shares in ICR to increase its stake to 90% and will acquire remaining 122 shares in ICR via stock swap on July 15, 2016. One share of ICR's stock will be exchanged with 538 shares of Itfor's stock, and 0.06 million shares of Itfor's stock will be exchanged. ICR will become a wholly owned subsidiary of Itfor after the transaction. The share exchange contract conclusion date and share exchange effective date is July 15, 2016. Itfor Inc. (TSE:4743) cancelled the acquisition of remaining 20.1% stake in ICR Co., Ltd. from Shigeyoshi Imai on June 14, 2017.