ImPlay, Inc. agreed to acquire SURF&SNOW business from Gurunavi, Inc. (TSE:2440) for ¥40 million on February 28, 2020. The Gurunavi, Inc. Split will be absorption-type split under the simple method, in which Gurunavi, Inc. will be the splitting company and ImPlay, Inc., a wholly owned subsidiary of The SG-group, Inc. will be the succeeding company. There will be no change in name, head office, representative, description of business, capital or account closing day of Gurunavi, Inc. and ImPlay, Inc. respectively due to the Split. As of March 31, 2019 Net sales reported are ¥190 million. Date of the resolution by the board of directors is February 28, 2020. ImPlay, Inc. completed the acquisition of SURF&SNOW business from Gurunavi, Inc. (TSE:2440) on February 28, 2020.