Datasection Inc. (TSE:3905) agreed to acquire 70% stake in KAG Network Solutions Co., Ltd. for ¥150 million on December 27, 2017. As per terms 42 common shares will be acquired. KAG Network Solutions Co., Ltd. will operate as a subsidiary of Datasection Inc. For the year ended August 2017, KAG Network Solutions Co., Ltd. reported total assets of ¥48.8 million, net assets of ¥22.7 million, sales of ¥143.2 million, operating profit of ¥0.82 million and net income of ¥0.68 million. The Board of Directors of Datasection Inc. resolved the deal on December 27, 2017. A share transfer contract is expected to be concluded on December 27, 2017 and the deal is expected to close on January 4, 2018. Advisory costs of ¥0.5 million were incurred in the transaction. Datasection Inc. (TSE:3905) cancelled the acquisition of 70% stake in KAG Network Solutions Co., Ltd. on December 27, 2018.