Kufu Company Inc. (TSE:4376) agreed to acquire unknown minority stake in CultureStudioTokyo from Katsumoto Tanaka on September 22, 2022. Through the subscription to third-party allotment of shares by CST and the acquisition of shares from existing shareholders, Kufu Company Inc. (TSE:4376) will acquire 58.0% of common stock of CST's issued stock. CultureStudioTokyo generated the sales of ¥25 million, Operating income of ¥0 million and Net income ¥3 million for the financial year October 31, 2022.

Transaction is expected to close on October 1, 2022.