KURADASHI.Co.,Ltd. (TSE:5884) agreed to acquire Cross Edge Inc. from Kazuto Nakadogawa and Mami Mizuno for approximately ¥490 million on June 27, 2024. A cash consideration of ¥486 million will be paid by KURADASHI.Co.,Ltd.

For the period ending November 30, 2023, Cross Edge Inc. reported total revenue of ¥960 million, operating loss of ¥3 million and net loss of ¥6 million. As of November 30, 2023, Cross Edge Inc. reported total assets of ¥178 million and total common equity of ¥1 million.

The expected completion of the transaction is August 23, 2024.