Peers Co.,Ltd. (TSE:7066) agreed to acquire a 99.93% stake in e frontier, Inc. from Kushim, Inc. (TSE:2345) for ¥175 million on April 12, 2022. Peers will buy approximately 20 million shares of e frontier. For the year ended October, 2021, e frontier has assets of approximately ¥230 million, total assets of approximately ¥320 million, revenues of approximately ¥180 million, EBIT of ¥7 million and net income of ¥11 million.

the transaction is expected to close on May 1, 2022.