Medical Data Vision Co., Ltd. (TSE:3902) concluded a basic agreement to acquire Cosmex Co., Ltd from HIP Corporation (JASDAQ:2136) on May 22, 2017. Medical Data Vision Co., Ltd. signed the agreement to acquire Cosmex Co., Ltd from HIP Corporation for ¥400 million on June 6, 2017. As per terms, 390 shares will be acquired.

For the year ended March 31, 2017, Cosmex Co., Ltd reported net assets of ¥151.7 million, total assets of ¥178.2 million, sales of ¥173.5 million, operating loss of ¥8.5 million and net loss of ¥5.8 million. A corporate resolution for the transaction is announced on May 23, 2017. The transaction is expected to close on June 7, 2017.