Kinki House Circulation Ltd. concluded a contract to acquire property in Higashi Yodogawa-ku from Wakamoto Pharmaceutical Co., Ltd. (TSE:4512) for approximately ¥160 million on April 10, 2012. The Board of Directors passed a resolution for the sale on March 16, 2012. The transaction is expected to complete on January 31, 2013.

The transaction will result in a profit of ¥132 million.