Monotype Imaging KK agreed to acquire Fontworks Inc. from SB Technology Corp. (TSE:4726) on July 19, 2023. Under the terms of the deal, Fontworks? renowned team of 73 designers, engineers, sales, and administrative professionals, along with its impressive type library and its LETS?, Mojimo?, and FONTPLUS? services, will join the Monotype family. Fontworks? impressive inventory of 260 font styles will become part of the Monotype library. Akira Kobayashi has joined the Monotype family. The deal is scheduled to close in Q3 of 2023. As of March 31, 2023, Fontworks reported Net assets, Total assets, Net sales, Operating profit of ¥3,803 million, ¥4,272 million, ¥1,946 million, ¥751 million respectively. Deutsche Securities Inc. acted as financial advisor to Monotype Imaging KK. Joseph Fisher and Harry Evans, Alexander Chuprunov, Naoko Adachi, Sue May Yeo, Ryu Long and Elisa Wong from Herbert Smith LLP (Tokyo, Japan) and Herbert Smith LLP, Singapore acted as legal advisors to Monotype Imaging KK.

Monotype Imaging KK completed the acquisition of Fontworks Inc. from SB Technology Corp. (TSE:4726) on September 6, 2023.