Onoken Co., Ltd. (TSE:7414) agreed to acquire property at 1-5-8 Chikkoshinmachi in Sakai City from Kurimoto Ltd. (TSE:5602) for ¥5.7 billion on August 22, 2013. The transaction was resolved by Board of Directors of Kurimoto. The agreement is expected to be signed on August 23, 2013 and transaction is expected to be completed on March 31, 2014.

The transfer is expected to result in an extraordinary profit of approximately ¥30 million for the 4th quarter of the fiscal year ending in March 2014 for Kurimoto.