Nippon Ichi Software, Inc. (JASDAQ:3851) entered into a contract to acquire Full on Games Inc. from Noriyuki Munekiyo for ¥13 million on April 22, 2016. Nippon Ichi Software will acquire 200 shares of Full on Games at ¥65000 per share. Full on Games Inc. reported net liabilities of ¥42.73 million, total assets of ¥2.75 million, sales of ¥7.56 million, operating profit of ¥2.09 million and net income of ¥0.63 million during the year ending November 30, 2015.

The Board of Nippon Ichi Software passed a resolution for the transaction on April 22, 2016. The deal is expected to close by July 1, 2016.