Shinyei Kaisha (TSE:3004) agreed to acquire Grandy Inc. from Takayuki Ogura, three directors and other shareholders on February 20, 2015. Shinyei Kaisha will acquire 0.11 million shares. Grandy Inc. had revenues of ¥2.52 billion, total assets of ¥1.89 billion, operating loss of ¥287 million, net loss of ¥337 million and net assets of ¥423 million in the year ended June 2014.

The transaction is expected to close on April 1, 2015.