Akatsuki Inc. will record an investment securities gain of ¥782 million ($5.2 million) from selling part of its stake in LIFE CREATE’s upcoming initial public offering, the Tokyo-based gaming company announced Tuesday.
The mobile game developer plans to sell 953,800 shares at ¥1,250 each, generating total proceeds of ¥1.19 billion ($7.9 million). The sale will reduce Akatsuki’s ownership in the fitness chain from 14.8% to 6.9%, with the transaction scheduled for April 24 when LIFE CREATE debuts on the Tokyo Stock Exchange Growth market.
LIFE CREATE operates women-focused fitness studios across Japan, including hot yoga center “loive” and machine Pilates studio “pilates K.” The fitness operator’s IPO comes amid challenging market conditions, with recent global market volatility following comments from former U.S. President Trump about potential tariffs.
Akatsuki, best known for developing mobile games like “Dragon Ball Z Dokkan Battle,” has diversified its investment portfolio in recent years. The company, founded in 2010, has pursued strategic investments in entertainment and technology ventures while maintaining its core mobile gaming business.
