Kohnan Shoji Co., Ltd. (TSE:7516) agreed to acquire Home Improvement Hirose CO., Ltd. from Yamashi Hirose Co., Ltd., Ichiji Hirose, Other individual shareholders and Other corporate shareholders on March 20, 2023. Kohnan Shoji will acquire 2,104,520 shares in Home Improvement Hirose. Kohnan Shoji holds 100% stake in Home Improvement Hirose.

Home Improvement Hirose has net worth of ¥9,060 million, Total assets of ¥27,746 million, amount of sales of ¥29,225 million, Operating income of ¥805 million, net income of ¥616 million as of Fiscal year ending May 2022. The transaction is expected to complete by June 1, 2023.