SKIYAKI Inc. (TSE:3995) agreed to acquire 21.6% stake in SKIYAKI OFFLINE Co., Ltd. from Being Inc. for ¥10 million on July 19, 2018. Under the terms of the transaction, SKIYAKI Inc. acquires 500 shares and then subscribe to 19,064 shares through the capital increase. As a result, SKIYAKI Inc. will own 77.4% of the voting rights of SKIYAKI OFFLINE Co., Ltd. and will make it into a consolidated subsidiary. During the financial year ended January 218, SKIYAKI OFFLINE Co., Ltd. reported net liabilities of ¥7.12 million, total assets of ¥15.9 million, sales of ¥16.8 million, net loss of ¥6.42 million and operating loss of ¥7.35 million. The transaction has been resolved by the Board of SKIYAKI Inc. The transaction is expected to be completed on July 31, 2018. SKIYAKI Inc. (TSE:3995) cancelled the acquisition of 21.6% stake in SKIYAKI OFFLINE Co., Ltd. from Being Inc. on July 19, 2019.