Nakanippon Casting Co.,Ltd (NSE:6439) signed a contract to acquire pig iron casting manufacturing business of Kyoei Foundry Co., Ltd. for ¥250 million on March 20, 2018. Nakanippon Casting Co.,Ltd will make the payment in cash. The pig iron casting manufacturing business reported sales of ¥582 million during the year ending March 2017. The Board of Directors of Nakanippon Casting Co.,Ltd passed a resolution for the transaction on March 20, 2018. The transaction is expected to be completed on April 1, 2018. Nakanippon Casting Co.,Ltd (NSE:6439) cancelled the acquisition of pig iron casting manufacturing business of Kyoei Foundry Co., Ltd. on March 20, 2019.