Ascentech K.K. (TSE:3565) entered into a contract to acquire 88.2% stake in Wonds Corporation from Yoshimasa Eguchi for ¥110 million on December 13, 2023. As part of transaction, 300 shares will be acquired. For period ended December 2022, Wonds Corporation reported net assets of ¥103.6 million, total assets of ¥163.9 million, sales of ¥432.5 million, operating income of ¥3.19 million and net income of ¥2.1 million.

The transaction is expected to complete on February 9, 2024.