Entrust Inc. (TSE:7191) signed a letter of intent to acquire 0.0049% stake in RACCOON RENT, Inc. from RACCOON HOLDINGS, Inc. (TSE:3031) on June 13, 2024. For the period ending April 30, 2024, RACCOON RENT, Inc. reported total revenue of ¥439 million, operating loss of ¥30 million and net income of ¥0.4 million. As of April 30, 2024, RACCOON RENT, Inc. reported total assets of ¥490 million and total common equity of ¥170 million.

The parties are scheduled to enter into a contract August 2024 to September 2024 The expected completion of the transaction is September 1, 2024 to October 31, 2024.