Balnibarbi Co.,Ltd. (TSE:3418) agreed to acquire 70% stake in Kikusui Company Limited from Masato Takahashi on June 15, 2017. As per the terms of transaction, Balnibarbi will acquire 0.007 million shares in Kikusui Company Limited. The contract conclusion date is June 30, 2017 and the transaction is expected to be complete on September 1, 2017.