SAKURA Internet Inc. (TSE:3778) agreed to acquire IzumoBASE, INC. from Junpei Arakawa on August 6, 2018. A contract is expected to be signed on August 8, 2018. IzumoBASE, INC. will acquire 1366 shares of IzumoBASE, INC. Prior to the transaction, Junpei Arakawa held 72.9% stake in IzumoBASE, INC. After the transaction, IzumoBASE, INC. will operate as a subsidiary of SAKURA Internet Inc. IzumoBASE, INC. reported net assets of ¥32 million and total assets of ¥44.33 million as at December 31, 2017. IzumoBASE, INC. reported sales of ¥20.84 million, operating loss of ¥106.65 million and net loss of ¥107.82 million during the year ending December 31, 2017. The Board of Directors of SAKURA Internet Inc. passed a resolution for the transaction on August 6, 2018. The transaction is expected to be completed on August 10, 2018.