Hohsui Corporation (TSE:1352) entered into basic agreement to acquire Sennichi Sohonsha Co., Ltd. from Yuichi Fukuda for ¥1.2 billion on March 15, 2013. Hohsui Corporation will create a new company Sennichi Co., Ltd. to acquire Sennichi Sohonsha. The tentative date for conclusion of business transfer contract is April 1, 2013. As of December 2012, Sennichi Sohonsha had sales of ¥5.97 billion, gross profit of ¥812.91 million, operating profit of ¥12.25 million, current profit of ¥21.54 million. As of November 30, 2012, Sennichi Sohonsha had total assets of ¥490 million. Board of Directors of Hohsui Corporation made the resolution for the acquisition on March 15, 2013. The transaction is expected to close on April 30, 2013. As of April 19, 2013, Hohsui entered into a contract to acquire Sennichi Sohonsha.

Hohsui Corporation (TSE:1352) cancelled the acquisition of Sennichi Sohonsha Co., Ltd. from Yuichi Fukuda on March 15, 2014.