GFA Co., Ltd. (TSE:8783) agreed to acquire Crane Game Japan Co., Ltd from LEO Agent Co., Ltd on March 24, 2023. As on March 31, 2023, GFA Co., Ltd. (TSE:8783) entered into and transfer agreement to acquire Crane Game Japan Co., Ltd from LEO Agent Co., Ltd for ¥500 million. And advisory expenses are ¥30 million.

GFA paid ¥100 million as an advance payment to the other party for the acquisition. For the Fiscal year ending January 2023, Crane Game Japan has net worth of ¥205.148 million, Total assets of ¥291.235 million, sales of ¥959.452 million, Operating income of ¥12.373 million and net income of ¥16.709 million. The final acquisition price will be calculated based on financial information for the fiscal year ending January 2023 and will be announced on the date of the transfer agreement.

The consideration to be paid in cash. Date of conclusion of transfer agreement and date of resolution of board of directors held on March 31, 2023. The transaction is expected to close on April 3, 2023.