Menswear Nakanishi Co., Ltd. entered into an agreement to acquire 34.6% stake in ONLY corporation (TSE:3376) from Koichi Nakanishi, Hiroyuki Nakanishi and Motomi Nakanishi for ¥1.3 billion on August 18, 2021. Under the terms of the transaction, Menswear Nakanishi Co., Ltd. will acquire 1,470,000 shares from Koichi Nakanishi, 64,000 shares from Hiroyuki Nakanishi and 140,000 shares from Motomi Nakanishi. The transaction is expected to close on August 18, 2021. Transaction will close on October 1, 2021. As of October 1, 2021, Offer will close on October 15, 2021. The offer is expected to be completed by October 22, 2021.