Yondenko Corporation (TSE:1939) concluded a contract to acquire Ryouei Setsubi Kougyou Co., Ltd from Takashi Sawada and Tatsushi Sawada on August 31, 2018. Under the terms, Yondenko Corporation acquires 400 shares of Ryouei Setsubi Kougyou. Post acquisition, Ryouei Setsubi Kougyou becomes a wholly owned subsidiary of Yondenko Corporation. Ryouei Setsubi Kougyou reported sales of ¥2.05 billion, net assets of ¥747 million and net income of ¥214 million for the period ended June 2018. Yondenko Corporation (TSE:1939) completed the acquisition of Ryouei Setsubi Kougyou Co., Ltd from Takashi Sawada and Tatsushi Sawada on October 1, 2018.