Raksul Inc. (TSE:4384) entered into a basic agreement to acquire On-Demand Printing Business of NETSQUARE CO., Ltd for ¥1.2 billion on March 10, 2023. Under the terms of transactions, Raksul will acquire 100 shares and post completion, Raksul Inc will make Rasksul factory INC as a wholly owned subsidiary. As of January 31, 2023, The On-Demand Printing Business had total asset of approximately ¥640 million and revenue of ¥1,529 million. The Board of Raksul Inc have passed the resolution on March 10, 2023. The expected date for formal signing of agreement was scheduled as June 9, 2023 and expected date for completion is August 1, 2023. As of June 9, 2023, Raksul Inc. signed the definitive agreement to acquire RAKSUL FACTORY INC.

Raksul Inc. (TSE:4384) completed the acquisition of RAKSUL Factory INC on August 1, 2023.