SENKO Group Holdings Co., Ltd. (TSE:9069) agreed to acquire 80% stake of Azfit Co., Ltd. from Ozu Corporation (TSE:7487) on December 10, 2020. Azfit had net worth of ¥134.2 billion, total assets of ¥356.3 billion, sales of ¥570 billion, operating income of ¥20.7 billion and net income of ¥12.1 billion in year ending March 31, 2020. Agreement is expected to be signed in December 2020.

The transaction is expected to close in January 2021. As announced on February 2, 2021, the transaction is expected to be closed on February 2, 2021.