Kimuratan Corporation (TSE:8107) signed a contract to acquire Nakanishi Co., Ltd from Hajime Nakanishi, Atsuko Nakanishi, Yuta Nakanishi and Makoto Nakanishi for ¥400 on March 8, 2019. Under the terms, Kimuratan Corporation will acquire 400 shares of Nakanishi Co., Ltd comprising 310 shares from Hajime Nakanishi, 60 shares from Atsuko Nakanishi, 20 shares from Yuta Nakanishi and 10 shares from Makoto Nakanishi. Post-acquisition, Nakanishi will become a wholly owned subsidiary of Kimuratan Corporation. For the fiscal year ended June 2018, Nakanishi Co., Ltd reported net assets of ¥184 million, total assets of ¥933 million, sales of ¥1.1 billion, operating income of ¥23 million and net income of ¥3 million. The transaction has been resolved by the Board of Directors of Kimuratan Corporation at the meeting held on March 8, 2019. The transaction is expected to be completed by March 11, 2019. Kimuratan Corporation will pay ¥30 million as advisory expense for the transaction. Kimuratan Corporation (TSE:8107) cancelled the acquisition of Nakanishi Co., Ltd from Hajime Nakanishi, Atsuko Nakanishi, Yuta Nakanishi and Makoto Nakanishi on March 8, 2020.