Value Golf Inc. (TSE:3931) agreed to acquire E-Golf Stadium from Golf Stadium Inc. for ¥15 million on August 30, 2017. The acquisition includes operations, tangible fixed assets and succession of membership contracts with the golf school members. E-Golf Stadium had net sales of ¥107 million in the fiscal year ended August 2016. The transaction was resolved by the Board of Directors of Value Golf Inc. on August 30, 2017. Transfer agreement conclusion is planned for August 31, 2017 and the business transfer execution is planned for September 1, 2017. Value Golf Inc. (TSE:3931) cancelled the acquisition of E-Golf Stadium from Golf Stadium Inc. on August 30, 2018.