Hybrid Technologies Co., Ltd. (TSE:4260) agreed to acquire IxiaS, Inc. from Yoshinobu Kinugasa for approximately ¥220 million on April 28, 2023. IxiaS has net assets of ¥31 million, Total assets has ¥48 million, sales of ¥141 million, operating income of ¥28 million. and net income Attributable to parent company shareholders is ¥27 million as of March 2023.

The transaction is expected to close on May 1, 2023.