ITbook Co., LTD. (TSE:3742) agreed to acquire Cosmo Engineering Co., Ltd. from Toru Kikuchi for approximately ¥120 million on January 17, 2018. Contract signing date is scheduled on January 19, 2018. Under the transaction, ITbook Co., LTD. acquires 60 shares. During the financial year ended June 2017, Cosmo Engineering Co., Ltd. reported sales of ¥186.6 million, total assets of ¥108.5 million, operating profit of ¥7.7 million, net income of ¥5.2 million and net assets of ¥88.3 million. The transaction has been resolved by the Board of ITbook Co., LTD. The transaction is expected to be completed on January 22, 2018.