Striders Corporation (JASDAQ:9816) entered into contract to acquire remaining 30.8% stake in Mobile Link Inc. from Nippon RAD Inc. (JASDAQ:4736) for ¥24 million on May 18, 2015. Striders will acquire 400 shares of Mobile Link Inc. from Nippon. During the year ended March 2015, Mobile Link Inc. had net assets of ¥89.35 million, total assets of ¥135.1 million, sales of ¥247.49 million, operating loss of ¥3.76 million, and net loss of ¥4.89 million. Board of Directors of Nippon RAD Inc. made a resolution in favor of the transaction on May 18, 2015. The tentative share transfer date is May 22, 2015.


Striders Corporation (JASDAQ:9816) cancelled the acquisition of remaining 30.8% stake in Mobile Link Inc. from Nippon RAD Inc. (JASDAQ:4736) on May 18, 2016.