Mediaflag Inc. (TSE:6067) signed a share transfer contract to acquire Shinwa Kikaku Co., Ltd from Tetsuya Yamada, Koji Sakaguchi, Kyoko Sakaguchi, Keisuke Shiga and Kayo Shiga for approximately ¥400 million on December 18, 2018. Mediaflag Inc will acquire 1600 shares of Shinwa Kikaku. Tetsuya Yamada, Koji Sakaguchi, Kyoko Sakaguchi, Keisuke Shiga and Kayo Shiga will sell 60%, 10%, 10%, 10% and 10% stake respectively in Shinwa Kikaku. Post completion, Shinwa Kikaku will become subsidiary of Mediaflag. Shinwa Kikaku Co., Ltd reported total assets of ¥721.5 million and net assets of ¥620.2 million as of January 31, 2018 and revenues of ¥879.8 million, operating loss of ¥25.9 million and net profit of ¥47.6 million for the year ended January 31, 2018. The transaction is resolved by the Board of Mediaflag Inc. The transaction is expected to complete on January 7, 2019.