ItoKuro Inc. (TSE:6049) agreed to acquire Sendyou Inc. from Kentaro Sugawara for ¥700 million on September 6, 2019. Post completion, Sendyou Inc. will become the wholly-owned subsidiary of ItoKuro Inc. For the year ended December 31, 2018, Sendyou Inc. reported total assets of ¥143.8 million, net assets of ¥10.9 million, total revenue of ¥56.2 million, operating loss of ¥52.6 million and net loss of ¥53.6 million. The transaction was approved by the board of directors of ItoKuro Inc. in the directorate meeting held on September 6, 2019. The transaction is expected to close on November 1, 2019.