ODK Solutions Company, Ltd. agreed to acquire ECS, Inc. from Masahiko Nakamoto, Akemi Nakamoto and Tsugumi Okuda.
June 29, 2021
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ODK Solutions Company, Ltd. (TSE:3839) agreed to acquire ECS, Inc. from Masahiko Nakamoto, Akemi Nakamoto and Tsugumi Okuda on June 30, 2021. In January 2021, ECS, Inc. reported a total assets of ¥214 million, total revenues of ¥333 million and net income of ¥5.4 million. The transaction was approved by the Board of Directors of ODK Solutions Company, Ltd. The transaction is expected to close on July 16, 2021. As of August 6, 2021, closing of the transaction has been postponed. The transaction is expected to have a minor impact on business results this year of ODK Solutions Company, Ltd.
ODK Solutions Company, Ltd. is a Japan-based company engaged in the provision of information processing outsourcing services to school corporations, securities companies and general business corporations, as well as the provision of system integration for securities finance companies and others. The Company provides comprehensive information services, such as the operation, development and maintenance of information systems. The Company's main services include information processing outsourcing services, contract calculation services, software development, network construction services and office automation (OA) equipment sales.