Maruka Corporation (TSE:7594) acquired 85.9% stake in Miyazawa Co., Ltd. on July 1, 2019. As at March 31, 2019, Miyazawa Co., Ltd. reported total common equity of ¥574.4 million, total assets of ¥2.09 billion, total revenue of ¥1.2 billion, EBIT of ¥86.25 million and net income of ¥27.34 million. Maruka Corporation (TSE:7594) completed the acquisition of 85.9% stake in Miyazawa Co., Ltd. on July 1, 2019.