Nagahori Corporation (TSE:8139) signed a share transfer contract to acquire Nakaniwa Tokeiten, K.K. from Shoichi Nakaniwa on August 19, 2014. Under the terms of the transaction, Nagahori will acquire 0.2 million shares in the transaction using the funds on hands. Nakaniwa Tokeiten had total assets of ¥1.17 billion, net assets of ¥271 million, sales of ¥2.16 billion, operating profit of ¥14 million and net income of ¥1 million for the year ending July, 2013.

The Board of Directors of Nagahori passed a resolution for the transaction. The transaction is expected to close on September 1, 2014.