Welcia Holdings Co., Ltd. (TSE:3141) agreed to acquire French Co., Ltd. from Sankin Co., Ltd. on January 18, 2022. For the year ended April 2021, French Co. reported Net assets of ¥326 million, Total assets of ¥360 million, Sales of ¥367 million, operating loss of ¥54 million, Net loss of ¥46 million.

The transaction is expected to complete on June 1, 2022.