Rakus Co., Ltd. (TSE:3923) entered into an agreement to acquire Blaynmail Co., Ltd. from Shinichi Tenmo for ¥1.5 billion on January 18, 2018. Rakus Co., Ltd. will acquire 360 shares through this transaction. Upon completion, Blaynmail Co., Ltd. will become subsidiary of Rakus Co., Ltd. For the year ended January 2017, Blaynmail Co., Ltd. reported total assets of ¥265 million, net assets of ¥57 million, sales of ¥639 million, operating profit of ¥51 million, and net profit of ¥29 million. As a result of the transaction, Shinichi Tenmo and current management of Blaynmail Co., Ltd. will retire on February 1, 2018 and Rakus Co., Ltd. will appoint its executives. The transaction was resolved by the board of directors of Rakus Co., Ltd. The transaction is expected to close on February 1, 2018. Rakus Co., Ltd. (TSE:3923) cancelled the acquisition of Blaynmail Co., Ltd. from Shinichi Tenmo on January 18, 2019.