SHIFT, Inc. (TSE:3697) agreed to acquire Hopes Corporation for ¥3.1 billion on August 25, 2020. SHIFT, Inc. entered into a definitive agreement to acquire Hopes Corporation on September 7, 2020. SHIFT, Inc. will acquire 1000 shares of Hopes Corporation. Estimated expenses for due diligence, etc will be ¥8 million. For the year ending December 31, 2019, Hopes Corporation reported net assts of ¥974.59 million, revenues of ¥5.07 billion, operating income of ¥604.63 million, total assets of ¥1.59 billion and net income of ¥504.42 million. The transaction is expected to close on September 30, 2020.