ELEMENTS, Inc. (TSE:5246) agreed to acquire 50.1% stake in AD Medica Inc. for ¥625 million on January 25, 2024. The consideration consists of ¥625 million towards 338 shares. Kazuhiro Kawamura holds 70.1% stake and AD Medica Inc. holds 29.9% stake in AD Medica.

The transaction is expected to complete by February 29, 2024.