Gendai Agency Inc. (JASDAQ:2411) entered into a basic agreement to acquire Rita Co., Ltd. from Naoya Fujimoto on February 14, 2020. Gendai Agency will acquire all 300 shares of Rita Co as a part of the transaction. Rita Co will operate as a subsidiary of Gendai Agency post acquisition. The transaction is expected to complete by end of February 2020. The impact of this project on the consolidated financial results for the fiscal year ended March 31, 2020 will be minor.