Nippon Paper Industries Co., Ltd. (TSE:3863) acquired 60.2% stake in Kyouei Seitai K.K on June 17, 2016. Kyouei Seitai will operate as a subsidiary of Nippon Paper Industries subsequent to the acquisition. Kyouei Seitai generated net sales of ¥1.35 billion for the year ended March 31, 2016. Nippon Paper Industries Co., Ltd. (TSE:3863) completed the acquisition of 60.2% stake in Kyouei Seitai K.K on June 17, 2016