NCXX Group Inc. (JASDAQ:6634) signed a share transfer contract to acquire 93.68% stake in Versatile, Inc. from FISCO Ltd. (JASDAQ:3807) for ¥400 million on December 14, 2016. NCXX will acquire 0.03 million shares of Versatile. In a related transaction, NCXX Group Inc. (JASDAQ:6634) agreed to acquire FISCO International Limited from FISCO Ltd. (JASDAQ:3807) for ¥86 million on December 15, 2016.

On completion, Versatile will become subsidiary of NCXX. Versatile reported net assets of ¥482 million, total assets of ¥1.7 billion, sales of ¥47 million, operating loss of ¥34 million and net loss of ¥72 million during the period ended December 2015. The deal is expected to close on December 30, 2016.

Tokyo Financial Advisers Co., Ltd. acted as valuer for NCXX Group.