PIXTA Inc. (TSE:3416) entered into share transfer contract to acquire 80% stake in Topic Images Inc. from NEWSIS Co., Ltd. and NEWS 1 Co., Ltd. for ¥130 million on February 24, 2017. NEWSIS Co., Ltd will sell 0.04 million shares and NEWS 1 Co., Ltd. will sell 0.02 million shares. During the year ended December 31, 2016, Topic Images Inc. had net assets of ¥86 million, total assets of ¥217 million, sales of ¥218 million, operating loss of ¥25 million, and net loss of ¥25 million. Board of Directors of PIXTA Inc. made a resolution in favor of the transaction on February 24, 2017. The planned share acquisition date is March 3, 2017.