Utoc Corporation (TSE:9358) agreed to acquire part of business of Japan Express Co.,Ltd. on February 12, 2016. Utoc Corporation and its subsidiary's acquired business do not include overseas moving business and all related businesses. The deal has been approved by the Board of Directors of Utoc and Japan Express on February 12, 2016.

The deal is expected to close on July 1, 2016. As of May 27, 2016, Utoc Corporation and and Utoc Ryutsu Service Corporation signed business transfer contract to acquire some businesses operated by Japan Express Co.,Ltd. for ¥1.25 billion and some businesses operated by Japan Express Packing Transportation Co., Ltd. for ¥250 million. The deal is expected to close on October 1, 2016.