Cresco Ltd. (TSE:4674) signed the share transfer agreement to acquire 91.4% stake in Nexus Co., Ltd. from Kuniaki Hagiwara on January 11, 2018. Under the terms of the transaction, Cresco Ltd. will acquire all 640 outstanding share (excluding treasury shares) of Nexus Co., Ltd. For the year ended June 30, 2017, Nexus Co., Ltd. reported total revenues of ¥757 million, total assets of ¥435 million, operating loss of ¥6 million, net income of ¥3 million and net assets of ¥339 million. Board of Cresco Ltd. resolved the transaction on January 11, 2018. The transaction is expected to complete on January 12, 2018.