Hamakyorex Co., Ltd. (TSE:9037) concluded a contract to acquire 67.6% stake in Jp Logiservice Co., Ltd from JAPAN POST Co., Ltd on December 17, 2018. Under the terms, Hamakyorex acquired 0.05 million shares of Jp Logiservice. Post-acquisition, Jp Logiservice becomes a subsidiary of Hamakyorex. Jp Logiservice reported net assets of ¥661 million, total assets of ¥2.7 billion, sales of ¥11.23 billion, operating profit of ¥199 million and net profit of ¥132 million as of March 2018. The transaction has been resolved by the Board of Directors of Hamakyorex at the meeting held on December 17, 2018. Hamakyorex Co., Ltd. (TSE:9037) completed the acquisition of 67.6% stake in Jp Logiservice Co., Ltd from JAPAN POST Co., Ltd on December 17, 2018.