Takamune Murata, Chief Executive Officer of Waja Co., Ltd., Koji Koyasu, representative Director Chief Operating Officer of Waja Co., Ltd. and Masahiro Ito, corporate auditor of Waja Co., Ltd. signed a transfer agreement to acquire an additional 55.5% stake in Waja Co., Ltd. from Livesense Inc. (TSE:6054) on September 13, 2018. Prior to transaction, Livesense, Takamune Murata and Koji Koyasu hold 70.3%, 13.4% and 12.3% stake respectively in Waja Co., Ltd. Upon completion, Livesense’s stake in Waja Co., Ltd. will reduce from 70.3% to 14.8%. As a result of acquisition, Waja Co., Ltd. will cease from being a consolidated subsidiary of Livesense. As of September 2017, Waja Co., Ltd. reported net assets of ¥69.9 million and total assets of ¥261.7 million. For the year ended September 2017, Waja Co., Ltd. reported sales of ¥577.1 million, operating income of ¥0.9 million and net income of ¥22.4 million. The Board of Directors of Livesense passed a resolution on the transaction on September 13, 2018. The transaction is expected to complete on September 30, 2018. Takamune Murata, Chief Executive Officer of Waja Co., Ltd., Koji Koyasu, representative Director Chief Operating Officer of Waja Co., Ltd. and Masahiro Ito, corporate auditor of Waja Co., Ltd. cancelled the acquisition of an additional 55.5% stake in Waja Co., Ltd. from Livesense Inc. (TSE:6054) on September 13, 2019.