Osaka Mokuzai Sougo Ichiba Co., Ltd. concluded a contract to acquire Ikeda Fudosan Co., Ltd. from FRACTALE Corporation (TSE:3750) for ¥1.7 billion on February 25, 2019. Under the terms, Osaka Mokuzai Sougo Ichiba Co., Ltd. will acquire 0.06 million shares, representing 100% stake in Ikeda Fudosan Co., Ltd. For the year ended March 2018, Ikeda Fudosan Co., Ltd. had net assets of ¥30 million, total assets of ¥1.1 billion, sales of ¥53 million, operating loss of ¥43 million and net loss of ¥197 million. The transaction was resolved by the Board of Directors of FRACTALE Corporation on February 25, 2019 and is expected to close mid-March 2019.