Alue Co.,Ltd. (TSE:7043) agreed to acquire Energy Switch Inc. from Asuka Hirakawa for approximately ¥140 million on January 31, 2024. The transaction has been approved by board of Alue Co.,Ltd. on January 31, 2024. Energy Switch reported net assets of ¥132 million, total assets of ¥174 million, sales of ¥155 million, operating income of ¥17 million and net income of ¥13 million for fiscal year ending March 2023.

The transaction is expected to close on April 1, 2024.