Welcia Holdings Co., Ltd. (TSE:3141) entered into stock transfer agreement to acquire Xchange inc. from Satoshi Shimoyama on January 17, 2024. As part of acquisition, 200 shares will be acquired. Xchange Solutions Inc. and Xchange Creative Inc., which are wholly owned subsidiaries of Xchange, will also become sub-subsidiary companies of the Welcia Holdings.

For period ended September 2023, Xchange reported net worth of ¥272 million, total assets of ¥770 million, sales of ¥1.6 billion, operating income of 130 million and net income of ¥85 million. The transaction is expected to complete on March 15, 2024.