Kufu Company Inc. (TSE:4399) concluded an agreement to acquire rcube Inc. on November 13, 2018. Under the terms of transaction, Kufu Company Inc. will acquire 0.32 million shares. The transaction will be funded by capital and funds on hand of Kufu Company Inc. Upon completion, rcube Inc. will become wholly owned subsidiary of Kufu Company Inc. For the year ended December 31, 2017, rcube Inc. had net assets of ¥0, total assets of ¥259 million, sales of ¥1.01 billion, operating loss of ¥109 million and loss of ¥110 million. The transaction has been resolved by the Board of Kufu Company Inc. The transaction is expected to be completed by late November 2018.