The Japan Wool Textile Co., Ltd. (TSE:3201) agreed to acquire additional 7.5% stake in Sotoh Co., Ltd. (TSE:3571) on August 20, 2018. A total of 0.95 million shares will be acquired as part of the deal. If Japan Wool Textile acquires these shares, the number of shares owned by Japan Wool Textile becomes 8.4% of Sotoh Co., Ltd.'s total outstanding shares.

Board of Japan Wool Textile resolved in favor of the deal on the same date. Deal is expected to close by August 21, 2018.