Fujitomi Co.,Ltd. (JASDAQ:8740) signed a basic agreement to acquire an unknown stake in H.S. Life Small Amount & Short Term Ins. Co. Ltd. from a group of sellers on April 13, 2017. A share transfer contract is expected to be signed in May 2017. As of June 29, 2017, a share transfer contract is expected to be signed on June 30, 2017. As of June 29, 2017, Fujitomi will acquire 94.72% stake in H.S. Life Small Amount & Short Term Ins. Co. Ltd. for ¥9.7 million. Fujitomi will acquire 6,460 shares of H.S. Life. The deal is subject to approval by shareholders of Fujitomi. The deal is expected to close by May 2017. As of June 30, 2017, the deal is expected to close by July 6, 2017.

Fujitomi Co.,Ltd. (JASDAQ:8740) cancelled the acquisition of 94.72% stake in H.S. Life Small Amount & Short Term Ins. Co. Ltd. from a group of sellers on April 13, 2018.