Sakai Ovex Co.,Ltd. (TSE:3408) agreed to acquire 90% stake in Yasui Co., Ltd from Akira Kawamura and 2 other individuals on February 8, 2018. Sakai Ovex will acquire 180 shares of Yasui and will hold 90% stake post completion, making Yasui as its subsidiary. Yasui reported net assets of ¥80.9 million, total assets of ¥792.8 million, sales of ¥1.5 billion, operating income of ¥27.8 million and net income of ¥16 million for the year ended March 31, 2017. Board of Sakai Ovex resolved the transaction on February 8, 2018. The transaction is expected to close on February 19, 2018. Sakai Ovex Co.,Ltd. (TSE:3408) cancelled the acquisition of 90% stake in Yasui Co., Ltd from Akira Kawamura and 2 other individuals on February 8, 2019.