Actcall Inc. (TSE:6064) signed a definitive agreement to acquire the remaining 49% stake in Actcross Co., Ltd from Hikari Tsushin, Inc. (TSE:9435) for ¥12 million on October 9, 2020. As part of the transaction, Actall will acquire 196 shares of Actcross. For the year ended November 30, 2019, Actcross reported total assets of ¥36 million, net assets of ¥27 million, revenue of ¥16 million, operating income of ¥10 million and net income of ¥7 million.

As a result of the transaction, Actcross Co. will be a wholly owned by Actcall and it will be merged with and into Actcall. The transaction was approved by the Board of Directors of Actcall on October 9, 2020.

The transaction is expected to complete on December 1, 2020.