Chatwork Co.,Ltd. (TSE:4448) agreed to acquire MINAGINE Co., Ltd from Eishin Co.,Ltd., Hideaki Sato and Tomokuni Nozak for ¥1 billion on December 16, 2022. Chatwork Co.,Ltd will acquire 50.9% stake from Eishin Co.,Ltd., 35.4% from Hideaki Sato and 13.7% from Tomokuni Nozak. As a part of transaction, Chatwork will acquire 94,600 shares of MINAGINE.

For the period ended October 31, 2022, MINAGINE reported net assets of -¥316 million, total assets of ¥287 million, revenue of ¥481 million and operating profit of -¥57 million. The transaction is expected to complete on January 31, 2023.MINAGINE