Niigata My Home Center Co., Ltd. agreed to acquire land and building in Niigata from Niigata Kotsu Co., Ltd. (TSE: 9017) for ¥890 million on August 24, 2011. The transaction has been resolved by the Board of Directors of Niigata Kotsu Co., Ltd. The transaction is expected to complete on August 30, 2011. The property is expected to be delivered on September 27, 2011. The transfer will impact on the net profit in the business settlements for the year ending March 2012 due the sum-up of the corporation tax adjustment value etc., besides the fixed asset transfer loss of ¥2 million.

Niigata My Home Center Co., Ltd. cancelled the acquisition of land and building in Niigata from Niigata Kotsu Co., Ltd. (TSE:9017) on August 24, 2012.