Hakuyosha Company, Ltd. (TSE:9731) and Hirose Shokai Co., Ltd. concluded a contract to acquire an additional 76.3% stake in Hokkaido Linen Supply K.K. from Hokkaido Clean System K.K. and others on June 22, 2016. Under the terms of the agreement, Hakuyosha Company, Ltd. will acquire 0.08 million shares in Hokkaido Linen Supply K.K. and Hirose Shokai Co., Ltd. will acquire 62.5 shares. Hokkaido Linen Supply had total assets of ¥978 million, net assets of ¥297 million, revenue of CNY ¥1.19 billion, EBIT of ¥37 million and net profit of ¥28 million in 2015. The deal is expected to close on June 28, 2016.