ARGO GRAPHICS Inc. (TSE:7595) agreed to acquire 67% stake in System Planet Co., Ltd. from IBM Japan, Ltd., ASO Corporation, and Aso Juku Educational Foundation on September 19, 2017. Under the terms of the transaction, ARGO GRAPHICS will acquire 2,680 shares of System Planet Co., Ltd. For the year ended March 2017, System Planet reported net liabilities of ¥243.3 million, total assets of ¥251.7 million, sales of ¥640.1 million, operating profit of ¥19.3 million, and net income of ¥11.1 million. The transaction was resolved by the board of directors of ARGO GRAPHICS Inc. The agreement is expected to be concluded on September 25, 2017. The transaction is expected to be closed on October 2, 2017.