TIS Inc. (TSE:3626) agreed to acquire Nihon Ics Co.,Ltd. on March 7, 2023. As part of transaction, TIS will acquire 76,000 shares. For period ended November 30, 2022, Nihon reported Net assets of ¥9.7 billion, total assets of ¥14.2 billion, sales of ¥6.9 billion, operating income of ¥1.9 billion and net income of ¥1.5 billion.

The transaction is expected to complete on April 6, 2023.