Kufu Company Inc. (TSE:4399) agreed to acquire 50% stake in KidsStar Inc. from Yoshiteru Akita for ¥400 million on November 12, 2020. As per terms of transaction, Kufu Company Inc. will acquire 0.18 million shares. Post completion, Yoshiteru Akita will hold 38.89% stake, other 3 individual 11.11% stake and Kufu Company Inc. will hold 50% stake. For the year ended December 31, 2019, KidsStar Inc. reported net assets of ¥115 million, total assets of ¥231 million, sales of ¥251 million, operating income of ¥51 million and net loss of ¥-39 million. Transaction is expected to complete on December, 2020. As of December 22, 2020, the transaction is expected to close on January 4, 2020 and will become consolidated subsidiary during the second quarter. Stand by C Co., Ltd. acted as financial advisor to Kufu Company Inc.