Akito Mitsuoka and Takeyoshi Uenishi, President and Representative Director of Macs System Corporation cancelled the acquisition of remaining 80% stake in Macs System Corporation from PCA Corporation.

Akito Mitsuoka and Takeyoshi Uenishi, President and Representative Director of Macs System Corporation concluded a share transfer agreement to acquire remaining 80% stake in Macs System Corporation from PCA Corporation (TSE:9629) for ¥30 million on February 18, 2019. Akito Mitsuoka and Takeyoshi Uenishi will acquire 224 shares of Macs System Corporation. Prior to the transaction, PCA Corporation held 80% stake and Akito Mitsuoka held 20% stake. After the transaction, PCA Corporation will hold no stake in Macs System Corporation. Macs System Corporation reported net assets of ¥196.46 million and total assets of ¥274.57 million as at March 31, 2018. The Board of Directors of PCA Corporation passed a resolution for the transaction on February 18, 2019. The transaction is expected to be completed on February 28, 2019. Akito Mitsuoka and Takeyoshi Uenishi, President and Representative Director of Macs System Corporation cancelled the acquisition of remaining 80% stake in Macs System Corporation from PCA Corporation (TSE:9629) on February 18, 2020.