System Information Co.,Ltd. (JASDAQ:3677) entered into basic agreement to acquire PROIST Co., Ltd. from Shoji Suzuki for approximately ¥130 million on July 15, 2014. System Information will acquire 200 shares of PROIST. The tentative date for conclusion of the share transfer contract is Mid-September 2014. System Information Co.,Ltd. will operate PROIST Co., Ltd as its wholly owned subsidiary. During the year ended December 2013, PROIST Co., Ltd. had net assets of ¥93 million, total assets of ¥132 million, sales of ¥333 million, operating profit of ¥1 million, current profit of ¥3 million, and net income of ¥2 million. Board of Directors of System Information Co.,Ltd. made a resolution in favor of the transaction on July 15, 2014. The transaction is expected to be closed on October 1, 2014. Conclusion of the share transfer contract was done on September 12, 2014.

System Information Co.,Ltd. (JASDAQ:3677) completed the acquisition of PROIST Co., Ltd. from Shoji Suzuki on October 1, 2014.