Ecomott Inc. (TSE:3987) agreed to acquire Fit Co.,Ltd from Toshinori Nagauchi and Tsuyoshi Fukuoka on February 15, 2021. Under the terms of the transaction, Ecomott will buy 300 shares in Fit Co.,Ltd. Toshinori Nagauchi will sell 81.7% stake and Tsuyoshi Fukuoka will sell 18.3%s stake in Fit Co.,Ltd. Upon completion, Fit Co.,Ltd will operate as a subsidiary of Ecomott Inc. For the fiscal year ended February 2020, Fit Co.,Ltd reported total assets of ¥72 million, total common equity of ¥30 million, total revenues of ¥132 million and net loss of ¥2 million. The transaction is resolved by the Board of Ecomott Inc. The transaction is expected to close on February 19, 2021. The impact of the transaction on our business performance will be minor.