Escrow Agent Japan, Inc. (TSE:6093) entered into basic agreement to acquire Samporonia business from Hitachi Solutions Create, Ltd. for approximately ¥500 million on November 25, 2021. Escrow Agent Japan, Inc. signed a definitive agreement to acquire Samporonia business of Hitachi Solutions Create, Ltd.on June 24, 2022. As per the transaction, the transfer price will be determined based on a survey by a third-party expert, etc., up to a maximum of ¥500 million yen and will be disclosed as soon as they are finalized.

For the fiscal year ending March 2021, Samporonia business generated Sales of ¥836 million and Operating income of ¥27 million. The final contract conclusion is scheduled to be April 2022. The transaction is expected to complete on July 31, 2022.

As of April 20, 2022, the final contract conclusion date and completion date is postponed to an undecided date. As of May 26, 2022, The Final contract conclusion date is June 24, 2022 and Business acquisition date is October 1, 2022.