Nippon Paper Industries Co., Ltd. (TSE:3863) entered into an agreement to acquire 5.2% stake in Shikoku Kakoki Co.,Ltd. on December 3, 2019. For the year ended March 31, 2019, Shikoku Kakoki had sales of ¥47.1 billion. Nippon Paper Industries Co., Ltd. (TSE:3863) completed the acquisition of 5.2% stake in Shikoku Kakoki Co.,Ltd. on December 18, 2019.