hokueitekko Corporation announced a private placement of 43,000 shares at ¥500 per share with existing investor, Iwabuchi Corporation for gross proceeds of ¥21,500,000 on May 20, 2013. The investor has received board approval and approval in general shareholders' meeting for the transaction. The investor will acquire 62.5% stake in the company through this transaction and hold 66.9% stake upon closing. The scheduled payment date is May 22, 2013. The company reported total assets of ¥460,000,000, net assets of ¥46,000,000, net income of ¥103,000,000, and revenues of ¥724,000,000 for year ended March 31, 2013.

On May 22, 2013, hokueitekko Corporation closed the transaction.