Fasteps Co., Ltd. (TSE:2338) signed a contract to acquire Plurecil Holdings Limited from Yukio Murai for ¥1 million on October 15, 2015. In a related transaction, Fasteps Co., Ltd. agreed to acquire M&K Ltd. from Yukio Murai and another shareholder for ¥1.5 billion. Plurecil Holdings will become wholly-owned subsidiary of Fasteps. Plurecil Holdings Limited reported total assets of ¥89.29 million, net assets of ¥5.26 million, sales of ¥65.17 million, operating profit of ¥14.92 million and net income of ¥24.57 million during the period ending June 2015. The transaction is subject to approval from Chinese authorities. The transaction was resolved by the Board of Fasteps Co., Ltd. The transaction is expected to complete on November 1, 2015. Fasteps Co., Ltd. (TSE:2338) cancelled the acquisition of Plurecil Holdings Limited from Yukio Murai on October 15, 2016.