NCXX Group Inc. (JASDAQ:6634) signed stock sales contract to acquire remaining 49% stake in NCXX Inc. from CAICA Inc. (JASDAQ:2315) for approximately ¥590 million on February 25, 2021. As per terms of transaction, CAICA Inc. will sell 12,740 shares of NCXX Inc. For the fiscal year ending November 2020, NCXX Inc. reported net asset of ¥1,202 million, total assets of ¥1,426 million, sales of ¥1,249 million, operating income of ¥143 million, and net income of ¥42 million. Board of Directors of CAICA Inc. resolved the transaction on February 25, 2021.

Transaction is expected to complete on March 15, 2021. the amount of impact of the acquisition on the consolidated financial statements of CAICA Inc. is currently under scrutiny.