Tree Eight LLC agreed to acquire 57.5% stake in EBE Inc from Techfirm Holdings Inc. (JASDAQ:3625) on January 29, 2021. As per the transaction, Tree Eight LLC will acquire 230 share of EBE Inc. Upon completion, Tree Eight LLC will hold 10 % stake in EBE Inc. For the financial year June 30, 2020, EBE Inc reported total revenue of ¥1.3 billion, total assets of ¥954 million, operating loss of ¥105 million, net loss of ¥99 million and total common equity of ¥172 million. The transaction is expected to be completed by February 1, 2021.