Yamato Corporation (TSE:1967) signed a business and capital alliance agreement to acquire 5.26% stake in kobayashi kogyo Co.Ltd. on December 7, 2018. Under the terms of the agreement, Yamato Corporation will acquire 0.1 million shares of kobayashi kogyo Co.Ltd. kobayashi kogyo Co.Ltd. reported net sales of ¥5.2 billion in 2017. The transaction is expected to settle in May 2019. Yamato Corporation (TSE:1967) cancelled the acquisition of 5.26% stake in kobayashi kogyo Co.Ltd. on December 7, 2019.