Terilogy Holdings Corporation (TSE:5133) agreed to acquire effestep Co., Ltd. from Yuzo Nakayama for ¥70 million on October 26, 2023. As part of acquisition 200 shares will be acquired. For period ended June 2023, effestep reported net assets of ¥140 million, total assets of ¥149 million, sales of ¥69 million, operating loss of ¥2 million and net income of ¥0 million.

The transaction is expected to complete on October 31, 2023.