Cocolonet Co., Ltd. (JASDAQ:6060) concluded a basic agreement to acquire Tamahashi, Ltd. from Yu Tamahashi and Miwako Tamahashi on September 11, 2017. Cocolonet Co., Ltd. (JASDAQ:6060) entered into a share transfer agreement to acquire Tamahashi, Ltd. from Yu Tamahashi and Miwako Tamahashi on November 10, 2017. Under the terms, Cocolonet Co., Ltd. will acquire 3,000 shares, representing 100% voting rights in Tamahashi, Ltd. The acquisition price will be decided after future negotiations. As of September 11, 2017, each Yu Tamahashi and Miwako Tamahashi holds 50% stake in Tamahashi, Ltd. For the fiscal year ended May 2017, Tamahashi, Ltd. had net assets of ¥174 million, total assets of ¥188 million, sales of ¥295 million, operating income of ¥13 million and net income of ¥11 million. The transaction was resolved by the Board of Directors of Cocolonet Co., Ltd. on September 11, 2017. The share transfer agreement is expected to be concluded mid-November 2017 and the transaction is expected to complete on December 1, 2017. Cocolonet Co., Ltd. (JASDAQ:6060) completed the acquisition of Tamahashi, Ltd. from Yu Tamahashi and Miwako Tamahashi on December 1, 2017.