Japan Post Capital Co., Ltd. concluded a contract to acquire 12.5% stake in Nousouken Corporation (TSE:3541) from Plenty Co., Ltd. for ¥1.1 billion on October 19, 2018. Under the terms of transaction, Japan Post Capital Co., Ltd. will acquire 0.53 million for ¥2000 each. Nousouken Corporation and Japan Post Capital Co., Ltd. have agreed to send directors from Japan Post capital to Nousouken Corporation and based on this, a proposal for the election of directors will be submitted in the fixed shareholders meeting to be held on November 2018 and November 2019. The transaction has been resolved by the Board of Japan Post Holdings Co., Ltd. (TSE:6178), parent of Japan Post Capital Co., Ltd. The transaction is expected to be completed by October 31, 2018. Japan Post Capital Co., Ltd. cancelled the acquisition of 12.5% stake in Nousouken Corporation (TSE:3541) from Plenty Co., Ltd. on October 19, 2019.