T-Gaia Corporation (TSE:3738) agreed to acquire Personals Mobile Business Split Preparation Co., Ltd. from Fujitsu Personal System Limited for ¥28.6 billion on August 31, 2020. Under the terms of the transaction, Personals Mobile Business Split Preparation Co., Ltd. and Fujitsu Personal Retail Service Co. Ltd. will come under new company with a stock of 30,410 shares. Personals Mobile Business Split Preparation Co., Ltd. reported total assets of ¥16.6 billion, sales of ¥41.2 billion and operating profit ¥1.1 billion for the financial year end March 31, 2020. The Board of Directors of T-Gaia Corporation passed a resolution on August 31, 2020.The transaction is expected to close on November 2, 2020. Akikazu Ida, Hisashi Yoshimura, Shohei Taniguchi, Yohei Kobayashi, Mitsutaka Ito and Kazuki Sonoda of GCA Corporation (TSE:2174) acted as financial advisors to Fujitsu Limited, parent of Fujitsu Personal System Limited.