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Fuyo General Lease acquires outsourcing firm NOC

Fuyo General Lease Co. Ltd. is acquiring NOC Outsourcing & Consulting Inc., a human resources and accounting services outsourcing company, the Nikkei reported Aug. 14.

The value of the acquisition including interest-bearing debt is expected to exceed ¥10 billion. Fuyo General Lease has in recent years been investing heavily in business processing outsourcing-related firms as Japan faces severe labor shortages.

As of Aug. 14, US$1 was equivalent to ¥105.80.