Yamanaka Co., Ltd. (NSE:8190) signed a contract to acquire the remaining 80.33% stake in Sun Daily Co., Ltd. from Nakano Co., Ltd., Yoshihisa Nakano, Kazutaka Ando, Chotoku Koide, Takahiko Nakano and Miho Ando for ¥48.9 million on September 7, 2015. Yoshihisa Nakano is selling its 44.2% stake. Yamanaka Co., Ltd. will acquire 49000 shares of Sun Daily Co., Ltd. For the period ending March 2015, Sun Daily Co., Ltd. reported total assets of ¥1.8 billion, net assets of ¥337 million, revenue of CNY 1.65 billion, operating profit of ¥62 million and net profit of ¥47 million. Yamanaka Co., Ltd.'s Board of Directors resolved the transaction. The transaction is expected to be closed by September 10, 2015. Yamanaka Co., Ltd. (NSE:8190) cancelled the acquisition of acquire the remaining 80.33% stake in Sun Daily Co., Ltd. from Nakano Co., Ltd., Yoshihisa Nakano, Kazutaka Ando, Chotoku Koide, Takahiko Nakano and Miho Ando on September 7, 2016.