Nichimo Co., Ltd. (TSE:8091) agreed to acquire Marukyu K.K from Kenichi Ito and 4 other individual shareholders on June 16, 2017. Nichimo Co., Ltd. will acquire 600 shares of Marukyu. Kenichi Ito will sell 77.3% stake and others shareholders will sell 22.7% stake in Marukyu. Marukyu K.K reported net assets of ¥256 million, total assets of ¥1.8 billion, sales of ¥2.2 billion, operating profit of ¥96 million and net income of ¥54 million for the year ended July 31, 2016. The transaction is resolved by the Board of Nichimo. The contract will be concluded on July 18, 2017 and the transaction is expected to close on August 1, 2017.