The Japan Wool Textile Co., Ltd. (TSE:3201) entered into share transfer contract to acquire an additional 16.21% stake in Ashimori Industry Co., Ltd. (TSE:3526) from Toyobo Co. Ltd. (TSE:3101) for ¥1.3 billion in cash on April 10, 2013. The Japan Wool Textile Co., Ltd. will acquire 9.2 million shares at the price of ¥138 per share and will increase its holding to 9.67 million shares in Ashimori.

Board of Directors of Japan Wool Textile made a resolution for transaction on April 10, 2013. The transaction is expected to close on April 24, 2013.