Softbank Technology Corp. (TSE:4726) agreed to acquire 81.6% stake in Cybertrust Japan Co., Ltd. from SoftBank BB Corp. for ¥1.6 billion in cash on March 26, 2014.

Softbank Technology will acquire 0.026 million shares of Cybertrust Japan. Cybertrust Japan reported net assets of ¥1.81 billion, total assets of ¥2.27 billion, sales of ¥1.71 billion, operating profit of ¥134 million and net income of ¥126 million for period ended December 2013. The transaction is expected to close on April 8, 2014.