JAIC Co.,Ltd. (TSE:7073) agreed to acquire Efficient Co., Ltd. from Kitamura Chemicals Co.,Ltd., Kenichiro Wakisaka, Yusuke Takano and Tetsuya Hasegawa for ¥100 million on December 19, 2023. As part of acquisition, 140 shares will be acquired. For period ended August 2023, Efficient Co.

reported net assets of ¥5.9 million, total assets of ¥10.2 million, sales of ¥28.2 million, operating loss of ¥2.7 million and net income of ¥0.5 million. The transaction is expected to complete on February 1, 2024.