F&C Holdings Co.,Ltd. signed an agreement to acquire Future Communications Inc. from NCS&A Co., Ltd. (TSE:9709) for ¥450 million on March 28, 2022. Board of director of NCS&A Co., Ltd resolved the transaction. For the year ended March 31, 2021, Future Communications Inc. reported total assets of ¥845 million, Total common equity of ¥570 million and revenue of ¥2048 million.

The transaction is expected to be closed on March 31, 2022.