Sakai Ovex Co.,Ltd. (TSE:3408) agreed to acquire 90% stake in Yasui Co., Ltd from Akira Kawamura and 2 other individuals on February 8, 2018. Sakai Ovex will acquire 180 shares of Yasui and will hold 90% stake post completion, making Yasui as its subsidiary. Yasui reported net assets of ¥80.9 million, total assets of ¥792.8 million, sales of ¥1.5 billion, operating income of ¥27.8 million and net income of ¥16 million for the year ended March 31, 2017. Board of Sakai Ovex resolved the transaction on February 8, 2018. The transaction is expected to close on February 19, 2018.