Inbound Tech Inc. (TSE:7031) entered into an agreement to acquire CY Support Co., Ltd. from NEXT Co., Ltd. for ¥93.2 million on March 22, 2021. Under the terms, Inbound Tech will acquire 15,400 shares in CY Support. Post completion, Inbound Tech will hold 100% stake in CY Support. For the year ending march 2020, CY Support reported net assets of ¥55.5 million, total assets of ¥66.5 million, sales of ¥105.04 million, operating income of ¥7.1 million, ordinary income of ¥7.2 million and net profit of ¥4.2 million. The Board of Inbound Tech resolved this transaction on March 22, 2021. The transaction is expected to close on April 1, 2021.