Nissei Build Kogyo Co., Ltd. (TSE:1916) agreed to acquire 85% stake in Komatsu House Co.,Ltd. for ¥5.7 billion on March 22, 2016. Nissei Build Kogyo will acquire 11.87 million shares of Komatsu House at ¥476 per share in the transaction. Komatsu House will become a subsidiary of Nissei Build Kogyo. Komatsu House Co.,Ltd. had reported total assets of ¥14.76 billion, net assets of ¥6.95 billion, sales of ¥16.38 billion, operating profit of ¥931 million and net income of ¥694 million for the period ended March 2015. The transaction is expected to complete on April 28, 2016.

Nissei Build Kogyo Co., Ltd. (TSE:1916) completed the acquisition of 85% stake in Komatsu House Co.,Ltd. on April 28, 2016. Nissei Build Kogyo made a bank loan for ¥5.61 million for the funds for the acquisition of shares. Komatsu House will now operate as System House R&C Co., Ltd.