Core Concept Technologies Inc. (TSE:4371) agreed to acquire Digital Design Services Co., Ltd. from Hiroshi Kato for ¥200 million on April 16, 2024. The consideration consists of ¥200 million in cash. 220 shares will be acquired in the acquisition.

Digital Design Services Co., Ltd. reported revenue of ¥310.44 million, operating profit of ¥7.40 million, net income of ¥9.94 million, total assets of ¥150.03 million, common equity of ¥49.96 million as on July 31, 2023. The expected date of acquisition is on April 19, 2024. The transaction has been approved by board of Core Concept.

The advisory fees paid related to the acquisition is ¥21 million.