Kanda Holdings Co.,Ltd. (TSE:9059) agreed to acquire Horikiri Transportation Co., Ltd. from individual shareholders on February 4, 2022. As part of the transaction, Kanda Holdings will acquire 7,928 shares, representing 100% stake in Horikiri Transportation. Fiscal year ending March 2021, Horikiri Transportation reported sales of ¥1.24 billion.

The transaction is resolved by the board of Kanda Holdings. The Signing of share transfer agreement and transfer of shares is scheduled on February 7, 2022. The transaction will have a minor impact on consolidated financial results of Kanda Holdings for the fiscal year ending March 2022.