Nextware Ltd. (JASDAQ:4814) concluded a share exchange contract to acquire OSK Nippon Revue Company from Osaka Opera Promotion Association for ¥90 million on August 10, 2018. Under the terms of the transaction, Nextware Ltd. will allot 0.26 million common shares for every Class A preferred share of OSK. Post transfer, OSK Nippon Revue Company will become a wholly owned subsidiary of Nextware Ltd. During the financial year ended March 2018, OSK Nippon Revue Company reported net liabilities of ¥2.5 million, total assets of ¥67.7 million, sales of ¥368.7 million, operating profit of ¥20.3 million and net profit of ¥15.1 million. The transaction has been resolved by Board of Directors of Nextware Ltd. The transaction is expected to be completed by August 31, 2018. Tokyo Financial Advisers Co., Ltd. acted as financial advisor to OSK Nippon Revue Company.