Hagihara Industries Inc. (TSE:7856) agreed to acquire rights of Solar Plant at Ishinomaki, Ibaraki from Area Energy, Ltd. on December 18, 2017. In a related transaction, Area Energy, Ltd. also agreed to sell Solar Power Plant in Shima, Mie to Mie Propane Co., Ltd. The combined transfer price of the solar plants is about ¥450 million. The contract is expected to conclude on December 19, 2017 and the payment settlement and handover of rights will happen on December 27, 2017. Hagihara Industries Inc. (TSE:7856) cancelled the acquisition of rights of Solar Plant at Ishinomaki, Ibaraki from Area Energy, Ltd. on December 18, 2018.