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.