Agile Media Network Inc. (TSE:6573) entered into a basic agreement to acquire Primus Co., Ltd. from Atsushi Kazudo for ¥70 million on November 13, 2023. As part of acquisition, 1000 shares will be acquired. For period ended December 2022, Primus reported net assets of ¥34 million, total assets of ¥84 million, sales of ¥190 million, operating income of ¥10 million and net income of ¥9 million.

Stock transfer agreement execution is scheduled in February 2024. The transaction is expected to complete in February 2024.