Seven Seas Holdings Co.,Ltd. (TSE:3750) agreed to acquire Sengokuhara Development Co., Ltd. for ¥0.2 million on November 27, 2017. Seven Seas Holdings Co.,Ltd will acquire 200 shares of Sengokuhara Development Co., Ltd. In related transaction, Seven Seas Holdings Co.,Ltd. (TSE:3750) agreed to acquire Nuts Real Estate LLC from Nuts Real Estate Institute for ¥0.3 million on November 27, 2017 and Nuts Real Estate LLC will acquire Ikeda Real Estate Co., Ltd. and Baron LLC for ¥1.02 billion and ¥0.3 million. Post transaction, Sengokuhara Development Co., Ltd will operate as a subsidiary of Seven Seas Holdings Co.,Ltd with 100% stake. Sengokuhara Development Co., Ltd reported total assets of ¥92.7 million, net liabilities of ¥36.3 million, sales of ¥0, operating loss of ¥13.1 million and net loss of ¥36.2 million for the year ended January 31, 2017. The transaction is resolved by the Board of Seven Seas Holdings Co.,Ltd. on November 27, 2017. The contract will be concluded on November 30, 2017 and the transaction is expected to close on November 30, 2017. Seven Seas Holdings Co.,Ltd. (TSE:3750) cancelled the acquisition of Sengokuhara Development Co., Ltd on February 9, 2018.