FPT Japan Holdings Co., Ltd. entered into a share transfer agreement to acquire Softfront Development Service Co., Ltd. from Softfront Holdings Co., Ltd. (JASDAQ:2321) for ¥18 million on September 5, 2018. Under the terms of the agreement, 600 shares of Softfront Development Service will be acquired at ¥30,000 per share. Upon completion, Softfront Development Service will cease to be a subsidiary of Softfront Holdings. For the year ended March 31, 2018, Softfront Development Service reported sales of ¥136 million, operating loss of ¥64 million and net loss of ¥14 million. As of March 31, 2018, Softfront Development Service reported net assets of ¥44 million and total assets of ¥58 million. The Board of Directors of Softfront Holdings passed a resolution on the transaction on September 5, 2018 and the transaction is expected to close on September 13, 2018. FPT Japan Holdings Co., Ltd. cancelled the acquisition of Softfront Development Service Co., Ltd. from Softfront Holdings Co., Ltd. (JASDAQ:2321) on September 5, 2019.