MINATO HOLDINGS INC. (JASDAQ:6862) agreed to acquire Explorer Inc. on December 28, 2021. Explorer Inc. had net worth of ¥259 million, total assets of ¥484 million, sales ¥473 million and operating income of ¥17 million for fiscal year ended 2020. The transaction is expected to close on December 30, 2021.

The impact of the acquisition of shares on the consolidated financial results of the MINATO for the fiscal year ending March 2022 will be minor.