NF Corporation (JASDAQ:6864) agreed to acquire KEISOKU GIKEN Co., Ltd. from Hideo Takahashi and Michiko Takahashi for ¥210 million on March 1, 2017. NF Corporation will acquire 0.1 million shares of KEISOKU GIKEN. Hideo Takahashi and Michiko Takahashi holds 59.09% and 40.91% stake in KEISOKU GIKEN respectively. After the completion of the transaction, KEISOKU GIKEN will operate as a subsidiary of NF Corporation. KEISOKU GIKEN reported revenue of CNY 1.8 billion, total assets of CNY 1.3 billion, operating profit of CNY 40 million, net profit of CNY 21 million and net assets of CNY 298 million for the year ending, October 31, 2016. The transaction was resolved by the Board of NF Corporation on March 1, 2017. The transaction is expected to close on April 1, 2017.