Tamisuke Matsufuji and Bull Palace Corporation agreed to acquire 20.2% stake in Jipangu Inc. from CREA HOLDINGS,Inc. (TSE:1757) for ¥1.6 million on March 31, 2016. Under the terms of the transaction, Bull Palace will acquire an additional 0.47 million shares and Tamisuke Matsufuji will acquire 1.17 million shares of Jipangu. Bull Palace Corporation already holds 28.87% stake in Jipangu. Jipangu Inc. had total assets of ¥11.62 billion, net assets of ¥3.4 billion, revenue of ¥5.6 billion, EBIT of ¥139 million and net loss of ¥1.37 billion for the year ended March 31, 2015. Tamisuke Matsufuji and Bull Palace Corporation cancelled the acquisition of 20.2% stake in Jipangu Inc. from CREA HOLDINGS,Inc. (TSE:1757) on March 31, 2017.