Aidemy Inc. (TSE:5577) signed a letter of intent to acquire 70% stake in Maboroshi Co., Ltd from Shinji Kobayashi, Naoki Matsuda and Takahiro Mashiko for approximately ¥110 million on June 24, 2024. A cash consideration of ¥106.88 million will be paid by Aidemy Inc. As part of consideration, ¥106.88 million is paid towards common equity of Maboroshi Co., Ltd. For the period ending July 31, 2023, Maboroshi Co., Ltd reported total revenue of ¥204.18 million, EBIT of ¥0.02 million and net income of ¥0.02 million. As of July 31, 2023, Maboroshi Co., Ltd reported total assets of ¥171.04 million and total common equity of ¥148.91 million.

The expected completion of the transaction is June 25, 2024.