Appirits Inc. (TSE:4174) agreed to acquire Bee2B Co. Ltd. from Yuzuru Mayama for ¥150 million on May 31, 2024. The consideration consists of ¥150 million in cash.

As part of the consideration, ¥150 million was paid towards common equity. Bee2B Co. Ltd. reported Total revenue of ¥225.9 million, Total assets of ¥131.9 million, Net income of ¥8.5 million and Total Common equity of ¥45.1 million as on Fiscal year ending January 2024.

Transaction is expected to complete on June 1, 2024.