EDGE Co., Ltd. agreed to acquire 65.55% stake in EDGE, inc. from Gaiax Co.Ltd. (NSE:3775) for approximately ¥120 million on February 19, 2021. Under the terms, 0.065 million shares of EDGE, inc. will be acquired. EDGE, Inc. reported total assets of ¥1.694 billion, total assets of ¥40.23 million, ordinary profit of ¥15.882 million, net income of ¥15.812 million and net assets of ¥378.491 million as of December 31, 2020. The transaction is expected to complete on March 1, 2021. EDGE Co., Ltd. completed the acquisition of 65.55% stake in EDGE, inc. from Gaiax Co.Ltd. (NSE:3775) on March 1, 2021. EDGE Co., Ltd. raised total of a total of ¥156 million yen through a third-party allotment of shares from Takanori Oishi, PCI Solutions INC., Insight Inc. and Legaseed Co., Ltd, and a loan from Resona Bank. Extraordinary income of 153 million yen is expected to be recorded in the first quarter of the fiscal year ending December 2021. In addition, due to the completion of the Share Transfer, EDGE Co., Ltd. will be excluded from the scope of consolidation of the Gaiax Co.Ltd. from the first quarter of the fiscal year ending December 2021.