Future Corporation (TSE:4722) entered into agreement to acquire 75% stake in YDC Corporation from Yokogawa Electric Corp. (TSE:6841) for ¥2 billion on December 6, 2016. Under the terms of the transaction, Future Corporation will acquire 3,750 shares of YDC Corporation. Post acquisition, YDC Corporation will join Future Corporation. YDC Corporation reported net assets of ¥1.96 billion, total assets of ¥3.31 billion, sales of ¥4.89 billion, operating profit of approximately ¥370 million and net profit of approximately ¥240 million during the period ended March 2016. The transaction is expected to close on January 5, 2017. Future Corporation will pay ¥10 million as advisory expenses.

Future Corporation (TSE:4722) completed acquisition of 81% stake in YDC Corporation from Yokogawa Electric Corp. (TSE:6841) for ¥ 2.2 billion on January 5, 2017.