Senshukai Co., Ltd. (TSE:8165) concluded a basic agreement to acquire Nissui Pharma Cosmetics Co., Ltd. from Nissui Pharmaceutical Co., Ltd. (TSE:4550) on May 26, 2017. A transfer agreement will be signed on June 23, 2017. Under the terms of the transaction, Senshukai Co., Ltd. agreed to acquire 0.01 million shares of Nissui Pharma Cosmetics Co., Ltd. The transaction is expected to complete on June 30, 2017.

As on June 30, 2017, the transaction is expected to close on July 1, 2017.