Banryu Golf Co., Ltd acquired Mermaid Sports Co., Ltd from Shikibo Ltd..

SHIKIBO LTD. is a Japan-based company mainly engaged in the manufacture and sale of textile products and industrial material products. The Company operates through three business segments. The Textile segment is mainly engaged in the manufacture and sale of yarn, cloth, knit and secondary products. The Industrial Material segment is mainly engaged in the manufacture and sale of papermaking dryer canvas, filter cloth, chemical products, ceramic products and processing equipment. The Real Estate and Service segment is mainly engaged in the real estate leasing, lined supply, warehousing business, the operation of golf courses, and the insurance agency business.