fonfun corporation (JASDAQ:2323) signed an agreement to acquire e-entry Co., Ltd. from Shihoko Asahi for ¥10 million on August 20, 2014. fonfun will acquire 160 shares in the transaction. e-entry had net assets of ¥11.21 million, total assets of ¥49.63 million, sales of ¥106.66 million, operating profit of ¥5.92 million and net loss of ¥10.58 million for the year ending August 2013.

A resolution was passed by the Board of Directors of fonfun for the transaction. The transaction is expected to close on September 1, 2014.