Piala Inc. (TSE:7044) entered into a basic agreement to acquire Joshua Tree Co., Ltd. from Taiga Kojima on November 10, 2023. Piala Inc. (TSE:7044) entered into an agreement to acquire Joshua Tree Co., Ltd. from Taiga Kojima for ¥200 million on March 4, 2024. Piala will acquire 60 shares in Joshua Tree.

Joshua Tree reported net worth of ¥37 million, total assets of ¥118.6 million, sales of ¥298.1 million, operating income of ¥57.3 million and net income of ¥47.2 million in September 2023. The transaction is expected to close on March 8, 2024.