Yamato Industry Co., Ltd. (JASDAQ:7886) agreed to acquire 79.7% stake in Big Philippines Corporation from Yukio Yamada and BIG Co., Ltd for approximately ¥580 million on December 4, 2015. Yamato Industry Co would acquire 0.40 million units, representing 79.7% stake. For the year ended December 31, 2014, Big Philippines Corporation recorded total assets of ¥832 million, sales of ¥1.21 billion, operating profit of ¥131 million, total common equity of ¥425 million and net income of ¥121 million.

The transaction is expected to close on December 28, 2015. As of December 4, 2015, Yamato Industry Co., Ltd. amends to acquire 79.7% stake in Big Philippines Corporation for approximately ¥600 million. Kaede Financial Advisory Inc. acted as financial advisor for Big Philippines.

GlobalScope Partners acted as a financial advisor to Yamato Industry Co., Ltd.