System Information Co.,Ltd. (JASDAQ:3677) signed a basic agreement to acquire ASL Co., Ltd. from Toshio Wakayama, Fumiko Wakayama, Koji Wakayama, Miyuki Wakayama, Tohto C-tech Corporation, Makoto Yamashita and Yuichi Oikawa on May 29, 2015. Under the terms of the transaction, System Information will acquire 0.06 million shares. In a related deal, System Information Co.,Ltd. signed a basic agreement to acquire 50% stake in Kansai System Solutions Co., Ltd. from Toshio Wakayama, Satoru Ogura and Junta Hirooka on May 29, 2015. ASL Co., Ltd. holds 50% stake of Kansai System Solutions. For the period ended March 2015, ASL Co., Ltd. reported net assets of ¥12 million, total assets of ¥98 million, sales of ¥301 million, operating loss of ¥5 million and net loss of ¥8 million. The Board of System Information resolved the deal. The tentative conclusion of the share transfer contract date and share transfer date is mid-September 2015. As on September 15, 2015, System Information Co.,Ltd. signed a share transfer contract to acquire ASL Co., Ltd. for ¥35 million. Toshio Wakayama holds 51.7% stake in ASL Co., Ltd. The deal is expected to close by October 1, 2015. System Information will pay an advisory fee of ¥1 million. System Information Co.,Ltd. (JASDAQ:3677) cancelled the acquisition of ASL Co., Ltd. from Toshio Wakayama, Fumiko Wakayama, Koji Wakayama, Miyuki Wakayama, Tohto C-tech Corporation, Makoto Yamashita and Yuichi Oikawa on May 29, 2016.