Nakayama Steel Works, Ltd. (TSE:5408) agreed to acquire the remaining 77% stake in Mitsuboshi Shoji Co., Ltd. in December 2012. The shareholders of Mitsuboshi Shoji Co., Ltd. rejected the merger on January 24, 2013.

Nakayama Steel Works, Ltd. (TSE:5408) completed the acquisition of remaining 77% stake in Mitsuboshi Shoji Co., Ltd. on March 1, 2013.