Ryuhei Shinohara agreed to acquire an additional 49.5% stake in MinervaGrandir Co., Ltd. from System Location Co.,Ltd. (JASDAQ:2480) for ¥9.3 million on May 28, 2021. System Location will exit its stake completely. For fiscal year ending September 2020, MinervaGrandir had revenues of ¥86 million, total assets of ¥36 million, net assets of ¥17.4 million, operating income of ¥5 million and net income of ¥6.2 million. Transaction is expected to be completed on June 1, 2021. Impact of the transaction will be minor for System Location.