Ain Holdings Inc. (TSE:9627) agreed to acquire Tsuchiya Yakkyoku Co., Ltd. from Tsuchiya Holdings Co., Ltd. (TSE:1840) and two individuals on February 25, 2019. The transaction was resolved by the board of directors of Ain Holdings. Post completion, Tsuchiya Yakkyoku will operate as a subsidiary of Ain Holdings. As of March 31, 2018, Tsuchiya Yakkyoku reported total common equity as ¥3,597 million, total asset as ¥5,332 million, revenue as ¥8,843 million, EBIT as ¥802 million and net income as ¥655 million. The transaction is expected to close on March 28, 2019.

Ain Holdings Inc. (TSE:9627) cancelled the acquisition of Tsuchiya Yakkyoku Co., Ltd. from Tsuchiya Holdings Co., Ltd. (TSE:1840) and two individuals on February 25, 2020.