Toho Housing Co., Ltd. signed a contract to acquire Utsukushigaoka Guest House and Company House from Kyowa Engineering Consultants Co. Ltd. (JASDAQ:9647) for ¥100 million on March 27, 2012. The Board of Directors of Kyowa Engineering for selling Utsukushigaoka Guest House and Company House on March 15, 2012. The transaction is expected to close on April 27, 2012. About ¥330 million is expected to be entered as a loss from the sale for the second quarter of the cumulative consolidated period.

Toho Housing Co., Ltd. cancelled the acquisition of Utsukushigaoka Guest House and Company House from Kyowa Engineering Consultants Co. Ltd. (JASDAQ:9647) on March 27, 2013.