Fujii Sangyo Corporation (JASDAQ:9906) agreed to acquire Sanyu Co., Ltd. from Kazusa Mori on December 12, 2018. On December 25, 2018, a contract was concluded. Fujii Sangyo Corporation will acquire 20 shares of Sanyu Co., Ltd. After the transaction, Sanyu Co., Ltd will operate as a wholly owned subsidiary of Fujii Sangyo Corporation. Sanyu Co., Ltd. reported net assets of ¥276 million and total assets of ¥376 million as at February 2018. Sanyu Co., Ltd. reported sales of ¥364 million, operating profit of ¥76 million and net income of ¥48 million during the year ending February 2018. The Board of Directors of Fujii Sangyo Corporation passed a resolution for the transaction on December 12, 2018. The transaction is expected to be completed on December 25, 2018.