Shinkawa Ltd. (TSE:6274) agreed to acquire Pioneer FA Corporation from Pioneer Corporation (TSE:6773) for ¥2.1 billion on February 26, 2018. As per the terms of transaction Shinkawa Ltd. will acquire 0.007 million shares. Post transaction, Pioneer FA Corporation will operate as subsidiary of Shinkawa Ltd. For the year ended on March 31,2017, Pioneer FA Corporation reported total revenue of ¥3.9 billion, total asset of ¥3.2 billion, EBIT of approximately ¥220 million, net income of approximately ¥160 million and total common equity of ¥1.5 billion. The transaction is expected to close on June 01, 2018. ¥30 million will paid as fees to advisors.