System Location Co.,Ltd. (JASDAQ:2480) agreed to acquire Inspiration Co., Ltd. from Ayako Ochiai, Masaharu Iwahashi and other sellers for approximately ¥820 million on January 26, 2022. System Location Co.,Ltd. (JASDAQ:2480) entered into an agreement to acquire Inspiration Co., Ltd. from Ayako Ochiai, Masaharu Iwahashi and other sellers for approximately ¥820 million on April 1, 2022. Prior to completion, Inspiration Co.

is held 26.9% by Ayako Ochiai, 21.5% by Masaharu Iwahashi and 51.6% by other 13 sellers and upon completion, System Location will own 100% in it, making it a subsidiary. The consideration will be made with own funds. The net asset, total asset, sales, operating income and net income of Inspiration Co.

for fiscal year ended September 30, 2021, were ¥266.45 million, ¥344.36 million, ¥349.54 million, ¥78.62 million and ¥53.32 million, respectively. The transaction is subject to due diligence review and a legally binding share transfer agreement. The transaction is expected to close by April 15, 2022.

The transaction will not affect the Group's business results for the fiscal year ending March 2022.