IFIS Japan Ltd. (TSE:7833) signed a basic agreement to acquire Financial Data Solutions, Inc. from Keiichi Hakoda and 2 other individual shareholders for ¥670 million on August 31, 2016. In the deal, 6,327 shares, representing 100% of Financial Data Solutions will be acquired. Financial Data Solutions reported net assets of ¥228 million, total assets of ¥403 million, sales of ¥350 million, operating profit of ¥83 million, current profit of ¥83 million and net income of ¥36 million for year ending December 31, 2015. The basic agreement was approved by the Boards of Directors of both IFIS Japan and Financial Data Solutions on August 31, 2016. The share acquisition agreement was approved by the Board of Directors of IFIS Japan on August 31, 2016. IFIS Japan Ltd. (TSE:7833) completed the acquisition of Financial Data Solutions, Inc. from Keiichi Hakoda and 2 other individual shareholders on August 31, 2016.