Japan Best Rescue System Co.,Ltd. (TSE:2453) entered into an equity swap agreement to acquire Actcall Inc. and Tsunagu Co., Ltd. from Chic Holdings Inc. (TSE:7365) on July 27, 2021. Japan Best Rescue System shall acquire 11,253,700 shares issued by ACTCALL and 200 shares issued by TSUNAGU in the form of the Equity Swap. The ordinary shares of Japan Best Rescue System shall be allocated 0.266 shares to 1 share of ACTCALL and 96.415 shares to 1 share of TSUNAGU respectively. For the year ended on September 30, 2021, Actcall Inc reported total assets of ¥6.384 billion, Net assets of ¥4.391 billion, sales of ¥2.832 billion and operating profit of ¥297 million. The transaction is subject to Japan Best Rescue System shareholders approval. The transaction is expected to close on September 30, 2021.

Japan Best Rescue System Co.,Ltd. (TSE:2453) completed the acquisition of Actcall Inc. and Tsunagu Co., Ltd. from Chic Holdings Inc. (TSE:7365) in September, 2021.