KANEYO Co.,Ltd. (TSE:3209) signed an agreement to acquire raw material and textile trade business division from Forward Apparel Trading Limited on July 31, 2017. For the year ended December 31, 2016, raw material and textile trade business reported sales of ¥7 billion and operating profits of ¥200 million. The Board of KANEYO Co.,Ltd. resolved the transaction. The transaction is expected to be completed by October 1, 2017. Yuichiro Mori and Yoshitake Masuda of Jones Day acted as legal advisors to KANEYO Co.,Ltd. KANEYO Co.,Ltd. (TSE:3209) completed the acquisition of raw material and textile trade business division from Forward Apparel Trading Limited for ¥1.2 billion on January 10, 2018.