Partner Agent, Inc. (TSE:6181) agreed to acquire 85.1% stake in M Creative Works Co., Ltd. from Hiroshi Kondo and Yasunori Iike for approximately ¥210 on February 18, 2020. Under the terms of the transaction, Partner Agent, Inc. will acquire 42.6 million shares of M Creative Works Co., Ltd. Hiroshi Kondo and Yasunori Iike each will sell 42.55% stake in M Creative Works Co., Ltd. For the year ended March 31, 2019, M Creative Works Co., Ltd. reported total assets of ¥132 million, negative total common equity of ¥66 million, negative operating income of ¥91 million, total revenue of ¥8 million and negative net income of ¥83 million. The transaction is resolved by the Board of Directors of Partner Agent, Inc. The transaction is expected to close on March 31, 2020. The acquisition of the shares has no effect on the consolidated business results for the fiscal year ending March 31, 2020.