Fixstars Corporation (TSE:3687) signed a contract to acquire 52.88% stake in Oscar Technology Corporation from INCJ, Ltd. and other shareholders on March 11, 2020. Under the transaction, Fixstars Corporation will acquire 0.01 million shares. INCJ, Ltd will sell 12.71% stake. As a result of the transaction, Oscar Technology will operate as subsidiary of Fixstars Corporation. Oscar Technology reported ¥185 million of total assets, ¥112 million of sales, ¥131 million of operating loss and ¥132 million of net loss reported in December 31, 2019. The transaction is expected to close on March 30, 2020.