infoNet inc. (TSE:4444) agreed to acquire Brand design inc. from Atsushi Watanabe for ¥160 million on April 15, 2024. The consideration consists of ¥159.7 million in cash. As part of the consideration, ¥159.7 million was paid towards common equity.

As of August 31, 2023, Brand design inc. reported Net assets of ¥55.6 million, total assets of ¥67.5 million, sales of ¥75.7 million, operating income of ¥19.2 million, and net income of ¥14.7 million. The deal is expected to be completed on April 18, 2024.