EDGE Co., Ltd. agreed to acquire 65.55% stake in EDGE, inc. from Gaiax Co.Ltd. (NSE:3775) for approximately ¥120 million on February 19, 2021. Under the terms, 0.065 million shares of EDGE, inc. will be acquired. EDGE, Inc. reported total assets of ¥1.694 billion, total assets of ¥40.23 million, ordinary profit of ¥15.882 million, net income of ¥15.812 million and net assets of ¥378.491 million as of December 31, 2020. The transaction is expected to complete on March 1, 2021.