a dot co.,ltd (TSE:7063) agreed to acquire 71% stake in BIRDMAN Inc. from Ryo Tsukiji for approximately ¥290 million on October 17, 2019. Under the term, a dot co.,ltd will acquire 142 shares of BIRDMAN. a dot co.,ltd will pay ¥7 million as advisory cost. Post completion, BIRDMAN will operate as a subsidiary of a dot co.,ltd. As of September 30, 2018, BIRDMAN reported net assets of ¥111.75 million, total assets of ¥198.69 million, revenue of ¥492.01 million, EBIT of ¥36.36 million and net income of ¥23.93 million. The transaction was resolved by the board of directors of a dot co.,ltd. The transaction is expected to close on October 31, 2019.