Tokura Corporation (NSE:1892) signed a contract to acquire 84.78% stake in Q-Shu Kensetsu from Nagamitsu Tsuji, Masanori Tsuji, Hiroshi Tsuji and other investors on February 24, 2017. Under the terms of the transaction, Tokura Corporation will acquire 3.2 million shares and Nagamitsu Tsuji will sell 1.4 million shares, Masanori Tsuji will sell 0.23 million shares, Hiroshi Tsuji will sell 0.22 million shares and other investors will sell 1.3 million shares. Post-transaction, Q-Shu Kensetsu will be converted into a subsidiary of Tokura Corporation. For the period ended May, 2016, Q-Shu Kensetsu had total asset of ¥6.7 billion, net assets of ¥2.2 billion, net sales of ¥9.9 billion, operating income of ¥474 million and net income of ¥401 million. The transaction was resolved by the Board of Directors of Tokura Corporation on February 24, 2017. The share transfer execution date is April 5, 2017. Tokura Corporation (NSE:1892) cancelled the acquisition of 84.78% stake in Q-Shu Kensetsu from Nagamitsu Tsuji, Masanori Tsuji, Hiroshi Tsuji and other investors on February 24, 2018.