Yoshinori Fukushima signed a letter of intent to acquire 45% stake in LayerX Inc from Gunosy Inc. (TSE:6047) for approximately ¥140 million on July 12, 2019. Yoshinori Fukushima signed a transfer agreement to acquire 45% stake in LayerX Inc from Gunosy Inc. on August 15, 2019. Under the terms, 0.0045 million shares will be acquired for ¥0.03 million per share. LayerX reported total assets of ¥121 million and net assets of ¥100 million as of March 31, 2019. The transaction is resolved by the Board of Gunosy on August 15, 2019. The transaction is expected to complete on August 16, 2019.