Information Development Co., Ltd. (TSE:4709) entered into basic agreement to acquire Fess Co.,Ltd. from Saison Information Systems Co., Ltd. (JASDAQ:9640) for ¥2 billion on November 29, 2017. As on December 12, 2017, parties signed an agreement. Information Development Co., Ltd. will acquire 1,200 shares. Information Development Co., Ltd. will operate Fess Co.,Ltd. as wholly owned subsidiary. For the year ended March 2017, Fess Co.,Ltd. reported net assets of ¥531 million, total assets of ¥1.08 billion, sales of ¥3.35 billion, operating profit of ¥441 million, and net income of ¥293 million. The tentative share transfer agreement conclusion date is December 2017. The tentative share transfer date is January 4, 2018.

Information Development Co., Ltd. (TSE:4709) completed acquisition of Fess Co.,Ltd. from Saison Information Systems Co., Ltd. (JASDAQ:9640) on January 4, 2018.