teno. Holdings Company Limited (TSE:7037) agreed to acquire Forte Co., Ltd. for approximately ¥570 million on January 20, 2022. Upon completion, Forte Co. will become a subsidiary of teno. Holdings Company. Forte has net assets of ¥126 million, total assets of ¥256 million, sales of ¥486 million, business profit of ¥79 million and net profit of ¥64 million for the year ended March 31, 2021. The transaction is expected to close on January 31, 2022. The acquisition of the shares will have a minor impact on our business results.

teno. Holdings Company Limited (TSE:7037) completed the acquisition of Forte Co., Ltd. on January 31, 2022.