Nissei Build Kogyo Co., Ltd. (TSE:1916) concluded the contract to acquire remaining 15% stake in System House R & C Co., Ltd from Komatsu Ltd. (TSE:6301) on March 12, 2018. Under the terms, Nissei Build Kogyo Co., Ltd will acquire 2.1 million shares and increase the shareholding from 11.9 million shares (85%) to 13.96 million shares (100%). Post acquisition, System House R & C Co., Ltd will become a wholly owned subsidiary of Nissei Build Kogyo Co., Ltd.

As of March 31, 2017, System House R & C Co., Ltd reported net assets of ¥7.7 billion, total assets of ¥16.96 billion, sales of ¥20.8 billion, operating profit of ¥1.62 billion and net income of ¥1.1 billion. The transaction is resolved by the Board of Directors of Nissei Build Kogyo Co., Ltd on March 12, 2018. The transaction is expected to close on March 14, 2018.