Fuji Oozx, Inc. (TSE:7299) concluded a contract to acquire solid valve business division of Mitsubishi Heavy Industries Machine Tool Co., Ltd for approximately ¥190 million in cash on January 28, 2016. The division reported sales of ¥2.26 billion for the period ending March 2015. The division reported total assets of ¥262 million and total liabilities of ¥0 million as of December 31, 2015. The transaction is expected to be completed on April 30, 2016. The acquisition date has been amended to May 31, 2016. Fuji Oozx Inc. (TSE:7299) cancelled the acquisition of solid valve business division of Mitsubishi Heavy Industries Machine Tool Co., Ltd on January 28, 2017.