MINKABU THE INFONOID, Inc. (TSE:4436) agreed to acquire From One Co., Ltd. from Dentsu Group Inc. (TSE:4324) and Naoto Michigami on July 14, 2023. The share transfer agreement was signed on August 10, 2023. MINKABU THE INFONOID has also entered into a Debt Assignment Agreement, in which MINKABU THE INFONOID has accepted the transfer of a loan receivable of ¥880 million that Dentsu Group Inc. holds against From One, Inc. The transfer price has been set at ¥300 million.

Naoto Michigami is selling 46.96% stake. From One reported net assets of -¥379 million, total assets of ¥644 million, net sales of ¥1,017 million, operating profit of ¥22 million and net profit of ¥21 million as at December 2022. MINKABU THE INFONOID will pay advisory fees of ¥10 million.

The transaction is expected to close by September 1, 2023.