FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * Ohkubo Hideo   2. Issuer Name and Ticker or Trading Symbol PPOL INC [PPLC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CEO (Last) (First) (Middle) 14TH FLOOR, AOYAMA OVAL BUILDING,, 5-52-2 JINGUMAE 3. Date of Earliest Transaction (Month/Day/Year) 03/31/2005 (Street) SHIBUYA-KU, TOKYO, M0 150-0001 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 03/31/2005   S   10,547,594 D $ 0.8 (1) 0 I Shares were held by Forval Corporation to which Mr. Ohkubo is President and CEO. (2)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Ohkubo Hideo 14TH FLOOR, AOYAMA OVAL BUILDING, 5-52-2 JINGUMAE SHIBUYA-KU, TOKYO, M0 150-0001	X	X	CEO

Signatures

Hideo Ohkubo		03/31/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The price was paid in Japanese yen. US$0.80 is the equivalent value to JPY85.33 based on an exchange rate of JPY106.88/US$.
(2)	As of March 31, 2005, Forval Corporation entered into a Stock Purchase Agreement and concurrently consummated the transaction to sell all 10,547,594 shares (representing approximately 58.62% of issued and outstanding common stock) in the Issuer to Foster Strategic Investment Partnership for an aggregate purchase price of approximately JPY900,000,000 or JPY85.33 per share in cash (equivalent to US$8,420,658.69 and US$0.80, respectively, at the exchange rate of JPY106.88/US$). Upon the consummation of the foregoing transaction, Mr. Ohkubo resigned his positions as CEO and as a director of the Issuer.

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