Yamibito Co., Ltd. agreed to acquire morondo Co., Ltd. from INCLUSIVE Inc. (TSE:7078) for ¥60 million on July 3, 2024. A cash consideration of ¥60 million will be paid by Yamibito Co., Ltd. As part of consideration, ¥60 million is paid towards common equity of morondo Co., Ltd.

For the period ending March 31, 2024, morondo Co., Ltd. reported total revenue of ¥126.62 million, EBIT of ¥3.4 million and net income of ¥2.51 million. As of March 31, 2024, morondo Co., Ltd. reported total assets of ¥36.76 million and net liabilities of ¥32.55 million.

The expected completion of the transaction is July 8, 2024.