Softfront Holdings (JASDAQ:2321) agreed to acquire Site Publis Co., Ltd from Digital Vorn Co., Ltd, and Ocea Group Co., Ltd. on November 5, 2021. Pursuant to the terms, Softfront Holdings will issue shares as consideration. The consideration consists of 3,111,510 shares of common stock of Softfront Holdings. Site Publis Co reported total sales of ?442 million, net assets of ?207.9 million, total assets of ?415.8 million, EBIT of ?6.5 million and net income of ?54.4 million for the year ending July 31, 2021. The board of Softfront approved the deal. The deal is expected to be completed by November 29, 2021. Mori Hamada & Matsumoto LPC acted as legal advisor and Shiho Consulting Co., Ltd acted consultant to Softfront Holdings in the deal.