Cocolonet Co., Ltd. (JASDAQ:6060) signed a basic agreement to acquire Kitakanto Gojyo Centre Co., Ltd. from Shuko Hamatsu on September 25, 2018. Share transfer contract is expected to be signed on October 10, 2018. As of October 10, 2018, Cocolonet Co., Ltd. (JASDAQ:6060) signed a share transfer contract to acquire Kitakanto Gojyo Centre Co., Ltd. from Shuko Hamatsu. Under the terms of the acquisition, 0.04 million shares will be acquired. Upon completion, Kitakanto Gojyo Centre will become wholly owned subsidiary of Cocolonet. As of April 2018, Kitakanto Gojyo Centre reported net assets of ¥265 million and total assets of ¥1.4 billion. For the year ended April 2018, Kitakanto Gojyo Centre reported sales of ¥405 million, operating profit of ¥62 million and net income of ¥38 million. The Board of Directors of Cocolonet passed a resolution on the transaction on September 25, 2018. The transaction is expected to close on December 3, 2018.