Nagahori Corporation (TSE:8139) signed an agreement to acquire SJ Jewelry Corporation from Mitsuiwa Corp. in stock on January 29, 2013. Nagahori Corporation acquired 0.62 million shares of SJ Jewelry Corporation representing 100% stake.

For the year ending March 2012, SJ Jewelry Corporation reported total assets of ¥1.96 billion, net assets of ¥246 million, sales of ¥4.1 billion, operating profit of ¥52 million and net profit of ¥31 million. The transaction has been resolved by Board of Directors of Nagahori Corporation. The transaction is expected to complete on January 29, 2013.