Totech Corporation (TSE:9960) agreed to acquire I.B Technos Co., Ltd. from Hiroyuki Horigome and Sachie Horigome on February 27, 2019. Totech Corporation will acquire 0.06 million shares of I.B Technos Co., Ltd. The advisory expenses amounted to be ¥18 million. For June 30, 2018, I.B Technos Co., Ltd. reported net assets of ¥1.39 billion, total assets of ¥3.12 billion, revenue of ¥4.43 billion, operating income of ¥0.35 billion and net income of ¥0.24 billion. The transaction has been resolved by the board of Totech Corporation. The transaction is expected to complete on April 1, 2019. Totech Corporation (TSE:9960) cancelled the acquisition of I.B Technos Co., Ltd. from Hiroyuki Horigome and Sachie Horigome on February 27, 2020.