SHIFT, Inc. (TSE:3697) agreed to acquire A - Star Co., Ltd. from Adecco Group Japan on December 22, 2020. As on March 29, 2021, SHIFT, Inc. concluded a contract to acquire A - Star Co., Ltd. from Adecco Group Japan. under the terms of transaction, SHIFT will acquire 11,500 shares of A-Star. For the year ended December 31, 2020, A – Star reported total assets of ¥201.2 million, net assets of ¥16.38 million, revenue of ¥1.1 billion, operating loss of ¥58.2 million and net loss of ¥92.1 million. As on December 22, 2020, the transaction has been resolved by the Board. The transaction is expected to be completed by March 31, 2021.