Nissei Build Kogyo Co., Ltd. (TSE:1916) signed a contract to acquire Urban Staff Co.,Ltd. from an individual shareholder on July 2, 2018. A total of 600 shares will be acquired as part of the deal. Urban Staff will become a subsidiary of Nissei Build Kogyo after the deal. Urban Staff Co.,Ltd reported net assets of ¥1.04 billion, total assets of ¥1.65 billion, sales of ¥1.7 billion, operating income of ¥143 million and net income of ¥92 million as of August 2017. Board of Nissei Build Kogyo resolved in favor of the deal on the same date. Deal is expected to close on July 18, 2018.