Taisei Co.,Ltd (Fukuoka) (TSE:3359) agreed to acquire Hirakawa Co.,Ltd. from Yoshiko Hirakawa, Junichi Hirakawa, and one other individual on July 27, 2016. Yoshiko Hirakawa will sell 62.2% stake in Hirakawa and Junichi Hirakawa will sell 33.3% stake in Hirakawa. Hirakawa Co.,Ltd reported Net assets of ¥163 million, total assets of ¥350 million, sales of ¥931 million, operating loss of ¥2 million and net profit of 0 for the year ended February 2016. The transaction is expected to close on August 25, 2016.