Japan Corporate Housing Service Inc. (TSE:8945) signed the share exchange agreement to acquire Zennisso Kanri Co Ltd from Takayoshi Nagatomo for approximately ¥600 million on July 10, 2017. Under the terms of the transaction, Japan Corporate Housing Service Inc will issue 0.83 million shares and Zennisso Kanri's stock will be exchanged with 4,172 shares of Japan Corporate Housing Service Inc. Post-acquisition, Zennisso Kanri Co Ltd will operate as a subsidiary of Japan Corporate Housing Service Inc. For the period ended March 31, 2017, Zennisso Kanri Co Ltd reported total revenues of ¥550 million, total assets of ¥535 million, operating profit of ¥21 million, net income of ¥30 million and net assets of ¥145 million. The transaction is expected to complete on August 1, 2017. A&A Partners acted as valuer in the transaction.