Isao Goto, President and Chief Executive Officer of Glamo Inc. agreed to acquire an additional 47.8% stake in Glamo Inc. from Advanced Media, Inc. (TSE:3773) on May 12, 2020. Under the terms of the transaction, Isao Goto will acquire 0.45 million shares in Glamo Inc. Upon completion of the transaction, Advanced Media, Inc. will hold 18.49% stake in Glamo Inc. and Isao Goto will own 51% stake in Glamo Inc. For the year ended March 2020, Glamo Inc. reported total assets of ¥218 million, negative total common equity of ¥77 million, total revenues of ¥257 million, negative operating income of ¥139 million and negative net income of ¥142 million. The transaction is expected to close on May 15, 2020. There is no change in the consolidated financial forecast for the fiscal year ending March 31, 2020 in this matter.