First-corporation Inc. (TSE:1430) entered into purchase and sale contract to acquire 579.14 sq.mt. land at Bunkyo-ku, Tokyo on June 15, 2016. First-corporation Inc. plans to take out a loan of ¥399 million from The Bank of Tokyo-Mitsubishi UFJ, on June 30, 2016 with maturity date on Dec. 28, 2018, for the acquisition. The deal has been resolved by the Board of First-corporation. The deal is expected to close on June 17, 2016. First-corporation Inc. (TSE:1430) cancelled the acquisition of 579.14 sq.mt. land at Bunkyo-ku, Tokyo on June 15, 2017.