Masato Kakami, Nobuaki Watanabe, Globalway, Inc. (TSE:3936) and others agreed to acquire TimeTicket GmbH from Globalway, Inc. (TSE:3936) for ¥1 on August 16, 2019. Under the transaction, Globalway, Inc. will acquire 70%, Masato Kakami will acquire 23% and Nobuaki Watanabe will acquire 3% stake in TimeTicket GmbH. A total of 200 shares will be acquired.

A share transfer agreement is expected to be signed on September 30, 2019. TimeTicket had net assets of -¥9.3 million and total assets of ¥2.8 million for the fiscal year ended March 31, 2019. The Board of Directors of Globalway has resolved the transaction.

The share transfer agreement for the transaction was signed on August 30, 2019. The share transfer date is expected to be September 30, 2019. The share transfer will have no impact on the business results of Globalway for the fiscal year ending March 2020.