Tetsuya Sanada agreed to acquire 45% stake in BLOCKSMITH&Co from KLab Inc. (TSE:3656) on February 8, 2024. The transaction is expected to close on February 9, 2024. KLab will own 40,000 shares of BLOCKSMITHafter the transaction representing 30% stake.

BLOCKSMITH reported total assets of ¥933 million, net assets if ¥69 million, revenue of ¥339 million and net income of -¥118 million for FY2023.