PCI Holdings, Inc. (TSE:3918) signed an agreement to acquire Sord Corporation from AG No. 2 Investment Limited Partnership managed by Aspirant Group, Inc. for ¥4.2 billion on December 15, 2020. Under the terms, PCI Holdings will acquire 9.98 million shares from AG No.

2 Investment Limited Partnership. For the year ended March 2020, Pacific System had net assets of ¥2.52 billion, total assets worth ¥6.65 billion, net sales of ¥10.63 billion, operating profit ¥437 million and net profit of ¥314 million. The transaction was resolved by the board of PCI Holdings, Inc. on December 15, 2020.

Closing date of share purchase is January 15, 2021.