BrainPad Inc. agreed to acquire TimeTechnologies Ltd from Hadozaki Shun, Atsushi Ishii and Eriko Hideshima for Ñ1 billion.

BrainPad Inc. (TSE:3655) agreed to acquire TimeTechnologies Ltd from Hadozaki Shun, Atsushi Ishii and Eriko Hideshima for Ñ1 billion on June 28, 2022. TimeTechnologies has a total assets of Ñ154 million, net assets of Ñ97.035 million, revenue of Ñ332.647 million, EBIT of Ñ55.785 million and net income of Ñ38.991 million As of December 31, 2021. Execution date of share transfer is July 29, 2022.