Hidehiko Fujiyoshi agreed to acquire Tranzas Asia Pacific Pte Ltd from P3, Inc. (TSE:6696) for ¥12.8 million in a management buyout transaction on March 9, 2021. As per terms, all 1.56 million shares will be acquired. For the year ended January 31, 2021, Tranzas Asia Pacific Pte Ltd reported revenues of ¥1.9 million, total assets of ¥43.3 million, net loss of ¥41.8 million, operating profit of ¥31.6 million and net assets of ¥12.8 million. The Board of P3, Inc. resolved the deal on March 9, 2021. The agreement is expected to close on March 31, 2021. The impact of the transaction on his consolidated earnings forecast for the fiscal year ending January 2022 will be minor. Stewart McLaren Inc. acted as valuer in the deal.