Focus Co., Ltd. concluded a contract to acquire 42.4% in Economical Co., Ltd. from Softfront Holdings Co., Ltd. (JASDAQ:2321) for ¥13 million on November 7, 2018. As per terms, 732 shares will be acquired in cash. Post completion, Softfront Holdings Co., Ltd. will exit from Economical Co., Ltd. For the year ended March 31, 2018, Economical Co., Ltd. reported net liabilities of ¥34 million, total assets of ¥27 million, sales of ¥57 million, operating loss of ¥23 million and net loss of ¥24 million. The Board of Directors of Softfront Holdings Co., Ltd. resolved the deal on November 7, 2018. The deal is expected to close on November 21, 2018. Focus Co., Ltd. cancelled the acquisition of 42.4% in Economical Co., Ltd. from Softfront Holdings Co., Ltd. (JASDAQ:2321) on November 7, 2019.