Accrete Inc. (TSE:4395) agreed to acquire 67% stake in Xoxzo Inc. from Iqbal Abdullah for approximately ¥230 million on September 16, 2021. In the acquisition, Accrete Inc. (TSE:4395) will acquire 201 shares. As of December 31, 2020, Xoxzo Inc. recorded total assets of ¥194 million, total revenue of ¥152 million, operating income of ¥5 million, net income of ¥6 million and net assets of ¥149 million. The transaction is expected to close on October 7, 2021.