T2 Co., Ltd. agreed to acquire Tom's Co., Ltd. from Mobcast Holdings Inc. (TSE:3664) for ¥800 million on June 25, 2020. T2 Co., Ltd. will acquire 0.196 million shares, representing 80% stake in Tom's Co., Ltd. Tom's Co., Ltd.has net worth of ¥253 million, total assets ¥2.5 billion, operating income of ¥2.4 billion and net loss of ¥290 million. T2 Co., Ltd. is plans to sign an agreement on June 26, 2020. The Board of Directors of Mobcast Holdings Inc. resolved the transaction. The transaction is expected to complete on June 26, 2020.