Mediaflag Inc. (TSE:6067) agreed to acquire remaining 10% stake in Cabic Co., Ltd. from Yasunari Okano, Shogo Okano, Toshiaki Okano, Miyo Okano and two others for ¥9 million on December 19, 2017. The share transfer agreement is expected to take place on December 19, 2017. Under the terms of transaction, Mediaflag Inc. will acquire 300 shares from Yasunari Okano, 100 shares from Shogo Okano, 50 shares from Toshiaki Okano, 30 shares from Miyo Okano and 20 shares from two others for a total consideration of ¥9 million. Upon completion, Cabic Co., Ltd. will become a wholly owned subsidiary of Mediaflag Inc. For the year ended December 31, 2016, Cabic Co., Ltd. reported total assets of ¥223 million, net assets of ¥103 million, revenue of ¥731 million, operating profit of ¥19 million and net profit of ¥12 million. The transaction has been resolved by the Board of Mediaflag Inc. The transaction is expected to be completed on December 19, 2017. Mediaflag Inc. (TSE:6067) cancelled the acquisition of remaining 10% stake in Cabic Co., Ltd. from Yasunari Okano, Shogo Okano, Toshiaki Okano, Miyo Okano and two others on December 19, 2018.