Nikko Co. (NSE:5343) signed the absorption and company split agreement to acquire ceramic wholesale and sales business from Nikko Logistics Co., Ltd. on February 7, 2013. For the year ending March 2012, ceramic wholesale and sales business had revenue of ¥2.84 billion, total assets and total liabilities of ¥726 million each. Board of Directors of Nikko Co. resolved the transaction on February 7, 2013. The transaction is expected to close on March 29, 2013.

Nikko Co. (NSE:5343) cancelled the acquisition of ceramic wholesale and sales business from Nikko Logistics Co., Ltd. on February 7, 2014.