Lib Work Co.,Ltd. (TSE:1431) agreed to acquire Takuei Home Co., Ltd. from Matsuji Nagatani and Kazuko Nagatani for ¥350 million on May 11, 2020. Under the terms, Lib Work will acquire 6,928 shares from Matsuji Nagatani and 3,063 shares from Kazuko Nagatani , representing 69.34% and 30.66% stakes respectively in Takue Home. For year ended September 2019, Takue Home had total assets worth ¥1 billion, net worth of ¥260 million, sales of ¥2.4 billion, operating income of ¥92 million and net income of ¥57.9 million. The board of Lib Work provided the resolution on May 11, 2020. The acquisition is expected to complete on July 1, 2020. The impact of the Share Acquisition on Lib Work's business performance is currently under scrutiny. Lib Work paid advisory fees of ¥50 million.