Koichi Tani, President of Cosof Co., Ltd. agreed to acquire a 10% stake in Cosof Co.,Ltd from Unitika Ltd. (TSE:3103) on June 26, 2020. Under the terms of the transaction, Koichi Tani will acquire 20 shares representing 10% stake in Cosof. In a related transaction, Cosof will also acquire the remaining 90% stake in its own equity. The total consideration price for the 100% stake is approximately ¥320 million. Cosof reported total assets of approximately ¥600 million, net worth of approximately ¥440 million, revenues of approximately ¥500 million and operating income of ¥2 million in the year ending on March 2020. The transaction is expected to complete on July 1, 2020.