GENDA Inc. (TSE : 9166) agreed to acquire 66% stake in LEMONADE by Lemonica, Inc. from Seiji Kawamura on September 19, 2023. LEMONADE by Lemonica reported net assets of ¥240.796 million, total assets of ¥425.068 million, net sales of ¥567.808 million, operating income of ¥31.403 million and net income of ¥121.373 million as at May 31, 2023. The transaction is expected to close in October 2023.