Tohokushinsha Film Corporation (JASDAQ:2329) entered into a share transfer agreement to acquire Enjin Inc. from Endeavour United Co., Ltd. and others on December 3, 2021. Tohokushinsha Film will acquire 22,840 shares. Post completion, Enjin will become wholly owned subsidiary of Tohokushinsha Film.

Enjin reported total assets as ¥3.2 billion, sales as ¥4.2 billion and net profit as ¥89 million for the period end on 2020. The transaction is expected to close in December 2021. GCA Corporation acted as financial advisor to Endeavour United.