MINATO HOLDINGS INC. (JASDAQ:6862) agreed to acquire Explorer Inc. on December 28, 2021. Explorer Inc. had net worth of ¥259 million, total assets of ¥484 million, sales ¥473 million and operating income of ¥17 million for fiscal year ended 2020. The transaction is expected to close on December 30, 2021. The impact of the acquisition of shares on the consolidated financial results of the MINATO for the fiscal year ending March 2022 will be minor.

MINATO HOLDINGS INC. (JASDAQ:6862) completed the acquisition of Explorer Inc. from Paltek Corporation on December 30, 2021. In addition, from December 30, 2021, Takehiko Wakayama who is chairman and president of MINATO HOLDINGS will be the new Chairman and Representative Director of Explorer Inc., Naohide Yabuki will be the President and Chief Executive Officer, Hiroki Inoue and Miyuki Fukuzawa will be the Director, Hitoshi Aizawa who is Executive Vice President of MINATO HOLDINGS will be the newly appointed Board member of Explorer, Tetsushi Miyake who is Director, Corporate Planning Department Manager and Management Department Manager of MINATO HOLDINGS will be the newly appointed Board member of Explorer, Hiroyuki Takasaki will be the Auditor and Yutaka Kadoi who is full-time auditor of MINATO HOLDINGS will be the newly appointed Audit & Supervisory Board Member of Explorer.