NANYO Corporation (FKSE:7417) agreed to acquire all businesses except for a part of assets of Kyoei Tsushin Kogyo Co., Ltd. on February 18, 2013. As per the terms of the deal, Kyoei Tsushin Kogyo Co., Ltd will retain a part of the assets and will rename the existing company to Shiohito Kyoei Co., Ltd. NANYO Corporation will establish new company for all businesses of Kyoei Tsushin Kogyo Co., Ltd and will name it as Kyoei Tsushin Kogyo Co., Ltd. The transaction will be financed with funds on hand. Kyoei Tsushin reported sales of ¥1.2 billion for the fiscal year ended January 2012. The transaction is expected to close on April 1, 2013.

NANYO Corporation (FKSE:7417) completed the acquisition of all businesses except for a part of assets of Kyoei Tsushin Kogyo Co., Ltd. on April 1, 2013.