Tougun Holdings Co., Ltd. entered into an agreement to acquire in Charge inc. from Alpha Group Inc. (JASDAQ:3322) for approximately ¥330 million on October 10, 2019. Tougun Holdings Co., Ltd. will acquire 1800 shares of in Charge inc. Post completion of the transaction, in Charge inc. will be excluded from the Alpha Group Inc.'s consolidated subsidiaries. For the fiscal year ended March 2019, in Charge inc. reported net assets of ¥113 million, total assets of ¥534 million, sales of ¥983 million, operating income of ¥21 million and net income of ¥63 million. As of the date of transfer, one director and one corporate auditor will resign from the position, and two other directors will resign from Alpha Group Inc. The transaction is expected to complete on November 1, 2019. Tougun Holdings Co., Ltd. cancelled the acquisition of in Charge inc. from Alpha Group Inc. (JASDAQ:3322) on October 10, 2020.