Mynavi Corporation, Teito Investments Fund, L.P., Culture Entertainment Co., Ltd., TRANSACTION CO.,Ltd. (TSE:7818), Hideto Fujino, Yu Katayama and Yoshikazu Higashi agreed to acquire 34.56% stake in W TOKYO, Inc. from DLE Inc. (TSE:3686) for ¥1.4 billion on June 20, 2019. DLE Inc. will transfer 0.04 million shares to the buyers. TRANSACTION CO.,Ltd will acquire 7500 shares and will pay ¥277 million for the acquisition of its stake.

Post completion of the transaction, DLE Inc. will hold 19.82% stake in W TOKYO and it will cease to be the subsidiary of DLE Inc. For the fiscal year ended June 2018, W TOKYO, Inc. reported net assets of ¥397 million, total assets of ¥2.69 billion, sales of ¥3.3 billion and operating income of ¥146 million. The planned share transfer execution date is June 28, 2019.