FreakOut, inc (TSE:6094) agreed to acquire an additional 36% stake in Digitalift Inc. from an individual on July 29, 2016. On completion, Digitalift Inc. will become a consolidated subsidiary of FreakOut. Digitalift Inc. reported net assets of ¥12.46 million, total assets of ¥63.82 million, sales of ¥153.05 million, operating profit of ¥3.49 million and net income of ¥2.45 million during the period ended October 2015. The deal is expected to close in August, 2016.

FreakOut, inc (TSE:6094) cancelled the acquisition of an additional 36% stake in Digitalift Inc. from an individual on July 29, 2017.