DAIICHIKOUTSU SANGYO Co.,Ltd. (FKSE:9035) agreed to acquire the remaining 30.07% stake in Daiichi General Service Co.,Ltd. from existing shareholders for ¥1.3 billion on May 9, 2016. Under the terms of the transaction, DAIICHIKOUTSU SANGYO will issue 0.98 million common shares to Daiichi General Service shareholders. For the year ending March 31, 2016, Daiichi General Service reported total assets of ¥18.82 billion, Net assets of ¥5.47 billion.

The transaction is subject to approval from approval under the extraordinary meeting of its Daiichi General Service's shareholders scheduled on May 27, 2016.