Yoshimura Food Holdings K.K. (TSE:2884) signed a basic agreement to acquire Nissui Pharma Medical Sales Co., Ltd from Nissui Pharmaceutical Co., Ltd. (TSE:4550) on August 7, 2018. A total of 5,000 shares will be transferred as part of the deal. A transfer contract is expected to be signed by September 14, 2018. For the period ending March 31, 2018, Nissui Pharma Medical Sales reported total assets of ¥131 million, net assets of ¥65 million, revenue of ¥568 million, operating loss of ¥47 million and net loss of ¥65 million. Board of Nissui Pharmaceutical resolved in favor of the deal on August 7, 2018. Deal is expected to close by October 1, 2018.

Yoshimura Food Holdings K.K. (TSE:2884) cancelled the acquisition of Nissui Pharma Medical Sales Co., Ltd from Nissui Pharmaceutical Co., Ltd. (TSE:4550) on October 30, 2018. The deal was cancelled as final mutual agreement about various conditions of the stock transfer could not be reached.