i-mobile Co.,Ltd. (TSE:6535) agreed to acquire 76.1% stake in Taggy, Inc. from MicroAd, Inc., OPT Holding, Inc. (TSE:2389), Yutaka Ishigami. T and Nishikawa Associates Co. Ltd. for approximately ¥290 million on October 24, 2017. i-mobile Co.,Ltd. will acquire a total of 1910 shares of Taggy, Inc.'s outstanding shares. A cash consideration of ¥254 million will be paid. i-mobile Co.,Ltd. The consideration will be funded in cash and via private placement. will dispose 0.025 million common shares at ¥1,266 per share as third party allocation. i-mobile Co.,Ltd. plans to dispose of 212 treasury shares, which is 8.4% of Taggy, Inc.'s outstanding shares, as treasury stock underwriting consideration.

For the year ended December 31, 2016, Taggy, Inc. reported operating loss of ¥49 million, net loss ¥95 million and sales of ¥249 million. As of December 31, 2016, Taggy, Inc. reported net assets of ¥82 million and total assets of ¥248 million. Yutaka Ishigami, Yasumasa Mukaidaira and Hiroaki Akabane will be engaging in business as Directors of Taggy, Inc. after the integration and will hold i-mobile Co.,Ltd.'s shares, so that they will contribute more managing the 8 group companies. Date of resolution of the Board of Directors is October 24, 2017. Date of concluding the share transfer agreement is October 25, 2017 and stock transfer date of execution is November 1, 2017.