Welcia Holdings Co., Ltd. (TSE:3141) signed a contract to acquire 96.6% stake in Kanamitsu Yakuhin K.K. from Yuji Kitayama and 4 others on March 18, 2019. Welcia Holdings will acquire 0.836 million shares of Kanamitsu Yakuhin. Pursuant to the transaction, Kanamitsu Yakuhin will become subsidiary of Welcia Holdings. Kanamitsu Yakuhin K.K. reported total assets of ¥2.4 billion and net assets of ¥339 million as of March 31, 2018 and revenues of ¥4 billion, operating profit of ¥16 million and net profit of ¥7 million for the year ended March 31, 2018. The transaction is resolved by the Board of Welcia Holdings. The transaction is expected to complete on June 1, 2019. Welcia Holdings Co., Ltd. (TSE:3141) cancelled the acquit ion of 96.6% stake in Kanamitsu Yakuhin K.K. from Yuji Kitayama and 4 others on March 18, 2020.