Property Data Bank, Inc. (TSE:4389) conclude a contract to acquire FUJITECHNOS Co., Ltd. from Kazuho Itoga and five other individual shareholders on January 31, 2022. As part of the transaction, Property Data Bank will acquire 20,000 shares in FUJITECHNOS, of which Kazuho Itoga holds 39.6% and five other individual shareholders holds 60.4% of the shares. Following completion, FUJITECHNOS name will be changed to Property Data Technos, Inc. The transaction is resolved by the board of directors of Property Data Bank and expected to complete on April 1, 2022.

The acquisition is expected to have a minor impact on Property Data Bank's business results for the fiscal year ending March, 2022.