Muraki Corporation (JASDAQ:7477) agreed to acquire 34% stake in Mitsuwa Shokai Co.,Ltd. on January 26, 2016. A contract is expected to be concluded on January 27, 2016. Muraki Corporation will acquire a maximum of 34% of the total outstanding shares of Mitsuwa Shokai.

Mitsuwa Shokai Co.,Ltd reported net assets of ¥47.8 million, total assets of ¥345.15 million, sales of ¥730.02 million, operating loss of ¥11.38 million and net loss of ¥9.52 million during the year ending June 30, 2015. The Board of Directors of Muraki Corporation passed a resolution for the transaction on January 26, 2016. The deal is expected to be completed on January 29, 2016.