f-code Inc. (TSE:9211) executed a contract to acquire a 80% stake in craft Inc. from Ryota Tsujii and Taiki Takarada for ¥1.5 billion on July 31, 2023. As part of the transaction, f-code will acquire 80 shares, representing 80% voting rights. For the Fiscal year ending February 2023, craft reported Net assets of ¥563 million, Total assets of ¥870 million, Sales of ¥380 million, Operating income of ¥170 million, and Net income of ¥264 million. The transaction is resolved by the board of f-code and is expected to complete on August 15, 2023.

f-code Inc. (TSE:9211) completed the acquisition of 80% stake in craft Inc. from Ryota Tsujii and Taiki Takarada on August 15, 2023.