Agile Media Network Inc. (TSE:6573) enter into basic agreement to acquire NELP Co., Ltd. from Makoto Inaba, Yoichi Masukura, Masatoshi Awashima, Go Hasegawa and Daiki Goto for ¥100 million on December 15, 2023. In this transaction, Makoto Inaba will sell 67% stake, Yoichi Masukura will sell 18% stake, Daiki Goto will sell 5% stake and Go Hasegawa will sell 5% stake in NELP. Board of Directors resolution date for the stock exchange agreement is scheduled on February 2024.

Share exchange agreement approval resolution date at general meeting of shareholders has scheduled in Late March 2024. The stock transfer contract conclusion date is schedule on February 2024. NELP has reported sales of ¥65.274 milion, total assets of ¥48.32 million, EBIT of ¥23.268 million, net income of ¥15.622 million and net assets of ¥18.622 million for Fiscal year end December 2022.

The transaction is expected to close on April 1, 2024.