Hamakyorex Co., Ltd. (TSE:9037) agreed to acquire Shutapu K.K. from Hiro Koshikizawa on March 31, 2016. As part of the transaction, Hamakyorex will acquire entire 910 shares of Shutapu. Shutapu will become a subsidiary of Hamakyorex. Shutapu reported net assets of ¥239 million, total assets of ¥1.16 billion, sales of ¥3.02 billion, operating profit of ¥46 million and net income of ¥46 million as of September 2015. The transaction is expected to close on April 20, 2016. Hamakyorex Co., Ltd. (TSE:9037) cancelled the acquisition of Shutapu K.K. from Hiro Koshikizawa on March 31, 2017.