Value Golf Inc. (TSE:3931) signed a basic agreement to acquire Jeep, K.K. from a group of sellers including Takao Yoshida for ¥160 million on August 2, 2016. Value Golf will acquire 0.03 million shares of Jeep, K.K. in the deal. As on August 22, 2016, a share transfer contract has been signed for the deal. Jeep, K.K. had total assets of ¥1.08 billion, net assets of ¥108.89 million, revenue of ¥1.65 billion, EBIT of ¥38.16 million and net income of ¥46.14 million for the year ended September 30, 2015. The Board of Directors of Value Golf resolved the deal on August 2, 2016. The conclusion of share transfer contract is expected on August 22, 2016 and the deal is expected to close on September 1, 2016. An amount of ¥20 million will be paid as advisory expenses. Value Golf Inc. (TSE:3931) cancelled the acquisition of Jeep, K.K. from a group of sellers including Takao Yoshida on August 2, 2017.