Kantsu Co.,Ltd. (TSE:9326) entered into an agreement to acquire an unknown stake in Spice Code Co., Ltd for JPY 50 million on April 14, 2023. In a related transaction, Kantsu entered into a capital and business alliance with Spice Code Co., Ltd. For fiscal year ending July 2022, Spice Code reported total assets of JPY 81 million, revenue of JPY 65 million, operating income of JPY -104 million, net income of JPY -81 million. The deal is expected to complete on September 15, 2023.