Kokuyo Co., Ltd. (TSE:7984) agreed to acquire HNI Hong Kong Limited from HNI Corporation (NYSE:HNI) for ¥ 9176 million on July 21, 2022. As per December 31, 2021 HNI Hong Kong Limited net assets is ¥ 4297, Total assets is ¥ 10495, and total revenue is ¥ 12521. Ernst & Young Transaction Advisory Services Co.

Ltd. acted as financial advisor to Kokuyo Co., Ltd. in the transaction.