Aidma Holdings, Inc. (TSE:7373) agreed to acquire SIPS1 Co., Ltd on November 16, 2022. Under the terms, Aidma Holdings, Inc. 1 share of Addrust Co., Ltd. The contract is expected to reached on November 17, 2022. For the year ended June 30, 2022, Addrust Co., Ltd reported sales of JPY 341.953 million, operating income of 13.389 million, net income of 11.169 million, total assets at 113.939 million and net assets of -11.991 million.

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