An unknown buyer agreed to acquire Kikusui Company Limited from Balnibarbi Co.,Ltd. (TSE:3418) on July 29, 2020. As part of the acquisition, Balnibarbi Co.,Ltd. will transfer 0.01 million share of Kikusui Company Limited. As of July 31, 2019, Kikusui Company Limited has a total assets of ¥60.02 million, revenue of ¥275.8 million, net income of ¥51.4 million, Net worth of ¥199.7 million and EBIT of ¥50 million. The transaction is expected to close on August 31, 2020.