Seino Holdings Co., Ltd. (TSE:9076) entered into an agreement to acquire remaining 50% stake in Seino Engineering Co., Ltd. from Suito Travel K.K., Seino Sangyo Co.Ltd, Taguchi Fukujukai Foundation, Endowment Arm, Yoshitaka Taguchi, and others for approximately ¥440 million in stock on February 17, 2015. Under the terms of agreement, 17.35 shares of Seino Holdings will be issued per Seino Engineering share. In related transactions, Seino Holdings also agreed to acquire the remaining stake in its five subsidiaries. Seino Engineering recorded net assets of ¥1784 million, total assets of ¥7146 million, operating profit of ¥131 million, net income of ¥118 million, and revenues of ¥4841 million in the year ended March 31, 2014. Extraordinary shareholders' meeting of Seino Engineering on the approval of the share exchange will be held on March 27, 2015. The transaction is expected to close on April 1, 2015. Ernst & Young Transaction Advisory Services Co., Ltd. provided the share calculations.

Seino Holdings Co., Ltd. (TSE:9076) cancelled the acquisition of remaining 50% stake in Seino Engineering Co., Ltd. from Suito Travel K.K., Seino Sangyo Co.Ltd, Taguchi Fukujukai Foundation, Endowment Arm, Yoshitaka Taguchi, and others on February 17, 2016.