Maruyama Co., Ltd. signed a basic agreement to acquire 89.1% stake in Hakubi Corporation from Nexyz. Group Corporation (TSE:4346) on June 21, 2017. Maruyama Co., Ltd. signed share transfer contract to acquire 89.1% stake in Hakubi Corporation from Nexyz. Group Corporation (TSE:4346) for ¥1.5 billion on September 13, 2017. Under the terms of the transaction, Maruyama Co., Ltd. will acquire 1.63 million shares of Hakubi Corporation. For the year ended September 30, 2016, Hakubi Corporation reported total revenues of ¥2.09 billion, total assets of ¥1.02 billion, operating profit of ¥114 million, net income of ¥95 million and net assets of ¥743 million. The transaction is expected to close in mid-November 2017. Maruyama Co., Ltd completed the acquisition of 89.1% stake in Hakubi Corporation from Nexyz. Group Corporation (TSE:4346) on November 14, 2017.