Interworks Confidence Inc. (TSE:7374) entered into stock transfer agreement to acquire additional 70.34% stake in Protagonist Inc. from Masato Yoshida, Gazelle Capital, Inc. and others on January 19, 2024. As part of acquisition, 9,725 shares will be acquired. For period ended February 2023, Protagonist reported net worth of ¥31.5 million, total assets of ¥50.7 million, sales of ¥10.9 million, operating loss of ¥12.2 million and net loss of ¥12.3 million.

The transaction is expected to complete on February 16, 2024.