Medius Holdings Co., Ltd. (TSE:3154) signed a basic agreement to acquire the remaining 90.48% stake in MITAS Inc. from M's Co., Ltd., Employee shareholding commission and 2 individual shareholders on August 9, 2017. Medius Holdings Co., Ltd. signed a share transfer contract to acquire MITAS Inc. for ¥2.7 billion on December 7, 2017. Under the transaction, Medius Holdings Co., Ltd. will acquire 0.17 million shares for ¥848 million in cash and will issue 1.794 shares of Medius Holdings Co., Ltd. for every remaining share of MITAS Inc. The Board of Medius Holdings Co., Ltd. resolved to implement a share split (split of 1 common share to 3 shares) which will take effect on April 1, 2018, therefore the number of shares to be transferred in relation to the share exchange agreement will be 2.1 million. In a related transaction, Medius Holdings Co., Ltd. signed a basic agreement to acquire D*sense Co., Ltd. from M's Co., Ltd. on August 9, 2017. After the completion of the transaction, Medius Holdings Co., Ltd. will convert both the companies into its subsidiaries. MITAS Inc. had total assets of ¥7.3 billion, net assets of ¥1.9 billion, revenue of ¥17.7 billion, operating loss of ¥95 million and net income of ¥47 million in March 2017. The transaction has been resolved by the Board of Medius Holdings Co., Ltd. Due diligence implementation scheduled date is August 2017 to September 2017 and expected closing date scheduled for July 1, 2018.