Autobacs Seven Co., Ltd. (TSE:9832) agreed to acquire 85.1% stake in Autobacs System Solution Co., Ltd. from Fujitsu Limited (TSE:6702) on January 18, 2023. Autobacs Seven Co., Ltd. will acquire 1,617 shares of Autobacs System Solution Co., Ltd. Autobacs System Solution Co., Ltd. will become wholly owned subsidiary of Autobacs Seven Co., Ltd. Autobacs System Solution Co., Ltd Reported total Common equity of ¥626 million, Total assets Worth ¥1,166 million, Total Revenue of ¥2,418 million, EBIT of ¥192 million and Net income of ¥131 million in year ending March 31, 2022. The transaction is expected to Complete on April 1, 2023.

As of March 22, 2023, the transaction is expected to close on April 3, 2023.