TSUNAGU GROUP HOLDINGS Inc. (TSE:6551) agreed to acquire GEEK inc. from Katsuyuki Minegishi for approximately ¥130 million on March 26, 2020. TSUNAGU GROUP will acquire 0.016 million shares in GEEK and also pay ¥11 million in advisory fees. For the year ended March 31, 2019, GEEK has net assets of ¥27.06 million, total assets of ¥52.5 million, sales of ¥159.7 million, operating income of ¥0.74 million and net income of ¥1.3 million. The transaction is expected to be completed by April 1, 2020. TSUNAGU GROUP HOLDINGS Inc. (TSE:6551) cancelled the acquisition of GEEK inc. from Katsuyuki Minegishi on March 26, 2021.