Feedforce Inc. (TSE:7068) entered into an agreement to acquire 50.1% stake in Anagrams Co., Ltd from Keiji Abe for ¥1.3 billion on January 10, 2020. Under the terms, 501 shares will be acquired as a part of the acquisition. Anagrams reported net assets worth ¥628 million, total assets worth ¥1.9 billion, operating income of ¥285 million, net income of ¥212 million and sales of ¥836 million for the year ended March 31, 2019. The transaction is expected to close on January 24, 2020. Advisory fee of ¥7 million will also be paid as a part of the acquisition.