Euglena Co., Ltd. (TSE:2931) entered into stock transfer agreement to acquire Nayuta Co., Ltd. from Kirei Sozo Holdings, K.K. and Hiroji Yamazaki for ¥0.0 million on January 10, 2024. As part of acquisition, 300 shares will be acquired for ¥1 per share. For period ended May 2023, Nayuta reported sales of ¥279 million, operating loss of ¥26 million, EBITDA of -¥17 million, total assets of ¥156 million and net assets of -¥63 million.

The transaction is expected to complete on February 1, 2024.