Hokuriku Electrical Construction Co.,Ltd. (TSE:1930) agreed to acquire Nikken Corporation from Masafumi Ito and others for ¥3 billion on November 30, 2023. Nikken has total assets of ¥4.586 billion, net assets of ¥1.668 billion, revenue of ¥6.257 billion, negative operating income of ¥130 million and negative net income of ¥124 million for the fiscal year ending March 2023. The transaction is expected to close by December 5, 2023.