Nippon Shuppan Hanbai Inc. concluded an agreement to acquire 28.1% stake in Bunkyodo Group Holdings Co., Ltd. (JASDAQ:9978) from Dai Nippon Printing Co. Ltd. (TSE:7912) and Junkudo Co., Ltd. for ¥1.7 billion on September 12, 2016. Under the terms of the transaction, Nippon Shuppan Hanbai will acquire 1.7 million shares from Dai Nippon Printing Co.

Ltd. (TSE:7912) and 2.2 million shares from Junkudo Co., Ltd. Upon completion of the transaction, Dai Nippon Printing will hold 3.3 million shares and Junkudo Co., Ltd. will hold no stake in Bunkyodo Group Holdings. The transaction is expected to close on October 31, 2016. The change will have a minor impact on DNP's consolidated and non consolidated earnings in the fiscal year ending March 31, 2017.