Exhibit 15.2

CONSENT OF INDEPENDENT AUDITORS

OF

Magic Software Japan K.K

We consent to the incorporation by reference in the Registration Statement on Form S-8 (No. 333-156686) of Formula Systems (1985) Ltd., of our report dated January 27, 2017, with respect to the financial statements of Magic Software Japan K.K as of December 31, 2016, which report appears in the annual report on Form 20-F of Formula Systems (1985) Ltd. for the year ended December 31, 2016.

/s/ KDA Audit Corporation

KDA Audit Corporation

Registered Auditors

Tokyo, Japan

May 15, 2017