Sanyo Homes Corporation (TSE:1420) entered into contract to acquire NK Property LLC from Noritsu Koki Co., Ltd. (TSE:7744) for ¥10 million on November 29, 2016. Sanyo Homes Corporation will absorb NK Property LLC. During the year ended March 2016, NK Property LLC had net assets of ¥372 million, total assets of ¥814 million, sales of ¥10 million, and operating loss of ¥28 million. Board of Directors of Sanyo Homes Corporation made a resolution in favor of the transaction on November 29, 2016. The transaction is expected to close on January 5, 2017.

Sanyo Homes Corporation (TSE:1420) cancelled the acquisition of NK Property LLC from Noritsu Koki Co., Ltd. (TSE:7744) on November 29, 2017.