Ligua Inc. (TSE:7090) agreed to acquire Japan Software Sales Co., Ltd. from Masakata Kishino for approximately ¥280 million on January 18, 2022. Ligua signed a contract to acquire Japan Software Sales from Masakata Kishino on January 25, 2022. As part of the transaction, Ligua will acquire 8,000 shares in Japan Software Sales.

For the Fiscal year ending September 2021, Japan Software Sales reported Net assets of ¥173.5 million, Sales of ¥150.4 million, Operating profit of ¥10.6 million and Net profit of ¥9.1 million. The transaction is resolved by the board of directors of Ligua on January 18, 2022. The transaction is expected to complete on February 10, 2022.

The transaction is expected to have a minor impact on consolidated financial results of Ligua for the fiscal year ending March 2022.