Kudo Corporation (TSE:1764) agreed to acquire remaining 67% stake in Nikken Kikaku, K.K. on May 30, 2024. Prior to the transaction, Kudo Corporation (TSE:1764) held 33% i.e. 132 shares of Nikken Kikaku. As part of the transaction, Kudo will acquire remaining 268 shares.

The parties are scheduled to enter into an agreement on June 6, 2024. Nikken Kikaku reported net assets of ¥602 million, total assets of ¥1.1billion, sales of ¥629 million and operating profit of ¥102 million for fiscal year 2023. The transaction is expected to close on July 1, 2024.