Nippon Kanryu Industry Co., Ltd. (FKSE:1771) agreed to acquire Taiho Kosan, Ltd. from an individual shareholder on March 13, 2019. Nippon Kanryu Industry Co., Ltd. will acquire 1000 shares of Taiho Kosan, Ltd. A contract is expected to be concluded on March 22, 2019. After the transaction, Taiho Kosan, Ltd. will operate as a subsidiary of Nippon Kanryu Industry Co., Ltd. Taiho Kosan, Ltd. will change its name to Taiho Kosan Co., Ltd. on April 1, 2019. Taiho Kosan, Ltd. reported total assets of ¥30 million and net assets of ¥21 million as at September 30, 2018. Taiho Kosan, Ltd. reported sales of ¥89 million, operating profit of ¥5 million and net income of ¥5 million during the year ending September 2018. The Board of Directors passed a resolution for the transaction on March 13, 2019. The transaction is expected to be completed on April 1, 2019. Nippon Kanryu Industry Co., Ltd. (FKSE:1771) cancelled the acquisition of Taiho Kosan, Ltd. from an individual shareholder on March 13, 20120.