Keihan Holdings Co., Ltd. (TSE:9045) agreed to acquire Zero Corporation Co.,Ltd. on May 29, 2017. Under the terms of the transaction, Keihan Holdings Co., Ltd. will acquire 1,600 shares of Zero Corporation Co.,Ltd. Post-acquisition, Zero Corporation Co.,Ltd. will operate as a subsidiary of Keihan Holdings Co., Ltd. As of March 31, 2017, Zero Corporation Co.,Ltd. reported total revenues of ¥12.16 billion, total assets of ¥10.63 billion, operating income of ¥355 million, net income of ¥48 million and net assets of ¥800 million. As of May 29, 2017, Board of Keihan Holdings Co., Ltd. resolved the transaction. The transaction is expected to complete on July 3, 2017. Keihan Holdings Co., Ltd. (TSE:9045) completed the acquisition of Zero Corporation Co.,Ltd. on July 3, 2017.