HyAS&Co. Inc. (TSE:6192) agreed to acquire an additional 40% stake in R Plus Material, K.K. from Katsuya Furuhara for ¥10 million on November 16, 2016. As of December 16, 2016, HyAS&Co. Inc. (TSE:6192) concluded a share transfer agreement to acquire an additional 40% stake in R Plus Material, K.K. from Katsuya Furuhara for ¥10 million. Under the terms, HyAS&Co. Inc. will acquire 48 shares in R Plus Material, K.K., increasing its shareholding from 10% to 50% and making it a subsidiary. As of January 4, 2017, Katsuya Furuhara holds 40% stake in R Plus Material, K.K. For the period ended April 2016, R Plus Material, K.K. reported sales of ¥1.51 billion, operating profit of ¥15.33 million, net income of ¥11.14 million and as at April 30, 2016, net assets of ¥25.08 million and total assets of ¥42.63 million. The transaction is expected to complete on January 10, 2017.