Japan Property Management Center Co., Ltd. (TSE:3276) agreed to acquire Osaka Horo Co., Ltd from Koji Sato, Rihachi Sato and three unknown sellers for approximately ¥270 million on December 18, 2015. A contract is expected to be concluded on December 18, 2015. Japan Property Management Center will acquire 0.2 million shares of Osaka Horo Co., Ltd. Koji Sato will sell 54.2% stake and Rihachi Sato will sell 30.3% stake. After the transaction, Osaka Horo Co., Ltd will operate as a subsidiary of Japan Property Management Center Co., Ltd. Osaka Horo Co., Ltd reported total assets of ¥1.28 billion, net assets of ¥233.42 million, sales of ¥150.06 million, operating profit of ¥56.67 million and net income of ¥23.82 million for the year ending March 31, 2015. The Board of Directors of Japan Management Center Co., Ltd passed a resolution for the transaction on December 18, 2015. The transaction is expected to be completed on December 18, 2015. The advisory expenses are estimated to be ¥50 million. Japan Property Management Center Co., Ltd. (TSE:3276) cancelled the acquisition of Osaka Horo Co., Ltd from Koji Sato, Rihachi Sato and three unknown sellers on December 18, 2016.