Nissei Build Kogyo Co., Ltd. (TSE:1916) concluded the contract to acquire remaining 15% stake in System House R & C Co., Ltd from Komatsu Ltd. (TSE:6301) on March 12, 2018. Under the terms, Nissei Build Kogyo Co., Ltd will acquire 2.1 million shares and increase the shareholding from 11.9 million shares (85%) to 13.96 million shares (100%). Post acquisition, System House R & C Co., Ltd will become a wholly owned subsidiary of Nissei Build Kogyo Co., Ltd.

As of March 31, 2017, System House R & C Co., Ltd reported net assets of ¥7.7 billion, total assets of ¥16.96 billion, sales of ¥20.8 billion, operating profit of ¥1.62 billion and net income of ¥1.1 billion. The transaction is resolved by the Board of Directors of Nissei Build Kogyo Co., Ltd on March 12, 2018. The transaction is expected to close on March 14, 2018.

Nissei Build Kogyo Co., Ltd. (TSE:1916) cancelled the acquisition of remaining 15% stake in System House R & C Co., Ltd from Komatsu Ltd. (TSE:6301) on March 12, 2019.