Edia Co., Ltd. (TSE:3935) entered into a share exchange agreement to acquire remaining 33.3% stake in Hifumi Shobo Co., Ltd. from Hiroshi Hasegawa and 7 individual shareholders for ¥29.9 million on August 14, 2020. Edia Co., Ltd. will issue 1 shares for each share of Hifumi Shobo Co., Ltd. as consideration. For the fiscal year ending February 2020, Hifumi Shobo Co., Ltd. had net liabilities of ¥32.8 million, total assets of ¥304.7 million, sales of ¥694.3 million, operating profit of ¥51 million, net income of ¥37.4 million. The deal is subject to approval by Hifumi Shobo Co., Ltd.'s shareholders. Board resolution date of Edia Co., Ltd and Hifumi Shobo Co., Ltd. is August 14, 2020. Effective date of the Share Exchange is October 1, 2020. Edia Co., Ltd. (TSE:3935) completed the acquisition of remaining 33.3% stake in Hifumi Shobo Co., Ltd. from Hiroshi Hasegawa and 7 individual shareholders on October 1, 2020.