Feedforce Group Inc. (TSE:7068) agreed to acquire 51.25% stake in Fracta, Inc. from Harizury Co., Ltd., Makuake, Inc. (TSE:4479) and Takanobu Kono on December 17, 2021. For the year ended May 31, 2021 Fracta, Inc. recorded the net assets of ¥109 million, total assets of ¥304 million, revenues of ¥486 million, EBIT of ¥7 million and net profit of ¥7 million. The deal is subject to Feedforce Group Inc. (TSE:7068) board approval.

As of December 17, 2021 Feedforce Group Inc. (TSE:7068) board approved the deal. The deal is expected to close on December 24, 2021.