Fuji Kyuko Co., Ltd. (TSE:9010) agree to acquire Hakone Ashinoko (Lake Ashi) Boat Cruise business of Izuhakone Railway Co., Ltd.on October 3, 2022. In addition to 3 pleasure boats, the project includes facilities such as 4 ports: "Kojiri", "Hakone-en", "Moto-Hakone", and "Hakone Sekisho Ato", and "Hakone Kojiri Terminal" with a rest house. Izu Hakone Railway will continue to operate the restaurant and merchandise sales businesses at Motohakone Port and Hakone Sekishoato Port.

Transaction is subject to approval fromr elevant government agencies & transaction is expected to close in in March 2023.