Daiken Corp. (TSE:7905) signed a business and capital alliance agreement to acquire an additional 14.24% stake in Hokushin Co., Ltd. (TSE:7897) on March 26, 2012. Daiken will acquire not more than 15% of outstanding Hokushin shares. In a related transaction, Daiken Corp. signed a contract to acquire 51% stake in C&H K.K. from Hokushin Co., Ltd. (TSE:7897) for ¥51 million. Daiken Corp already had 0.67% stake in Hokushin Co.

Daiken Corp. (TSE:7905) completed the acquisition of an additional 14.24% stake in Hokushin Co., Ltd. (TSE:7897) on February 13, 2013. Daiken Corp acquired 4.04 million shares of Hokushin Co and raised its stake from 0.67% to 14.91% stake in Hokushin Co.