Futaba Corporation (TSE:6986) agreed to acquire SBY Co., Ltd. from G Three Holdings Corporation (TSE:3647) for ¥1 on December 24, 2019. For the year ended August 31, 2019, SBY Co., Ltd. reported total assets of ¥377.8 million, negative total common equity of ¥40.33, total revenues of ¥927.8 million, negative operating income of ¥42.6 million and negative net income of ¥66.7 million. The transaction was resolved by the Board of Directors of G Three Holdings Corporation.

The transaction is expected to close on January 1, 2020.