Extreme Co.,Ltd.(TSE:6033) signed an agreement to acquire remaining 49% stake in ex-labo co., Ltd. from AltPlus Inc.(TSE:3672)for ¥4.9 million on April 23, 2020. AltPlus Inc. will sell 490 shares of ex-labo co., Ltd. Prior to the transaction, Extreme Co.,Ltd. holds 51% stake and AltPlus Inc. holds 49% stake in ex-labo co., Ltd. After the transaction, ex-labo co., Ltd. will operate as a wholly owned subsidiary of Extreme Co.,Ltd. The Board of Directors of AltPlus Inc. passed a resolution for the transaction on April 23, 2020. The transaction is expected to be completed on May 29, 2020.

AltPlus Inc. will record an extraordinary income of ¥63.1 million for the third quarter of the fiscal year ending September 30, 2020.