Birdman Inc. (TSE:7063) intent to acquire 33.4% stake in ADOLOGI Inc from Masashi Kurihara for ¥600 million on May 22, 2024. Birdman Inc. (TSE:7063) agreed to acquire 33.4% stake in ADOLOGI Inc from Masashi Kurihara for ¥600 million on June 14, 2024. As part of the deal, Birdman will acquire 334 shares in ADOLOGI from Masashi Kurihara who is the CEO of ADOLOGI and holds 95% in ADOLOGI.

ADOLOGI reported net worth of ¥239 million, total assets of ¥575 million, sales of ¥1.4 billion, operating income of ¥22 million and net income of ¥22 million for year ended September 2023. The parties are scheduled to enter into a contract between May 22, 2024 to May 31, 2024. The transaction is expected to close between July 1, 2024 to September 30, 2024.