FaithNetwork Co.,Ltd (TSE:3489) agreed to acquire Iwamotogumi Co., Ltd. from Evol Zone Co., Ltd. for ¥680 million on May 23, 2023. The Iwamotogumi had net worth, total assets, sales, operating income and net profit of ¥136.85 million, ¥1096.238 million, ¥2803.898 million, ¥6.514 million and ¥5.3060 million, respectively for September 30, 2023. The transaction is expected to close on July 14, 2023.