Kenji Ogasawara, president and representative director of Kuqulu.inc agreed to acquire Kuqulu.inc from Shobunsha Holdings, Inc. (TSE:9475) for approximately ¥110 million on March 4, 2022. As part of the transaction, Kenji Ogasawara will acquire 1,000 shares. Fiscal year ending March 2021, Kuqulu.inc reported Net assets of ¥60 million, Total assets of ¥93 million, Sales of ¥166 million, Operating income of ¥26 million and Net income of ¥16 million.

The transaction is resolved by the board of Shobunsha. The contract is planned to be concluded Early in March 2022, and completion of the transaction is planned on March 31, 2022. Shobunsha expected to record a loss of 36 million, an extraordinary loss in the consolidated accounting period for the fourth quarter of the fiscal year ending March 2022, and the impact of the above extraordinary loss on the full-year business results for the fiscal year ending March 2022 will be minor.