Hagihara Industries Inc. (TSE:7856) concluded the contract to acquire TOYO HEISEI POLYMER Co.,Ltd from Toyo Denka Kogyo Co.,Ltd for ¥1.1 billion on May 22, 2018. Under the terms of transaction, Hagihara Industries Inc. will acquire 20.1 million shares for ¥1.1 billion. Upon completion, Toyo Heisei Polymer Co., Ltd. will become a subsidiary of Hagihara Industries Inc. The transaction is expected to be completed on June 18, 2018. Hagihara Industries Inc. (TSE:7856) cancelled the acquisition of TOYO HEISEI POLYMER Co.,Ltd from Toyo Denka Kogyo Co.,Ltd on May 22, 2019.