INCLUSIVE Inc. (TSE:7078) signed an agreement to acquire Orange Co., Ltd from Kundo Koyama, Masaji Karube and others for ¥1.6 billion on March 31, 2022. Board of directors of INCLUSIVE Inc. have resolved the transaction. As of year ended May 31, 2021, Orange Co., Ltd reported Total Common Equity of ¥7,700.150 million and revenue of ¥31,107.310 million.

The transaction is expected to be closed on April 21, 2022.