Ichinohe Forest Power Co., Ltd. entered into a contract to acquire Satoyama Co., Ltd. from Fujikoh Company.,Limited (TSE:2405) for ¥0.1 million on April 22, 2014. Ichinohe Forest Power Co., Ltd. will acquire 2 shares at the price of ¥50,000 per share. Ichinohe Forest Power Co., Ltd. will operate Satoyama Co., Ltd. as its wholly owned subsidiary after the transaction.

Satoyama Co., Ltd. is expected to change its name to Goshono Jomon Power Co., Ltd. in early May, 2014. Naoto Kobayashi will join as Representative Director and Banji Yamamoto will resign as Representative Director. The Board of Directors of Fujikoh Company made a resolution in favor of the transaction on April 22, 2014.

The transaction is expected to close on April 30, 2014.