Earth Corporation (TSE:4985) agreed to acquire an additional 16.07% stake in protoleaf Inc. from Takashi Sato and Yuichiro Kano on December 10, 2024. Upon completion, Earth Corporation will own 50.22321% stake in protoleaf Inc.

For the period ending June 30, 2024, protoleaf Inc. reported total revenue of ¥3.86 billion, EBIT of ¥132 million and net income of ¥32 million. As of June 30, 2024, protoleaf Inc. reported total assets of ¥1.94 billion and total common equity of ¥447 million.

Earth Corporation (TSE:4985) completed the acquisition of an additional 16.07% stake in protoleaf Inc. from Takashi Sato and Yuichiro Kano on February 28, 2025