Itoki Corporation (TSE:7972) agreed to acquire SOUA CO.,LTD. on January 29, 2024. As part of acquisition, 190 shares will be acquired. For period ended January 2023, SOUA CO.,LTD. reported net worth of ¥806.5 million, total assets of ¥1.02 billion, sales of ¥953.9 million, operating income of ¥231 million and net income of ¥180 million.

Execution of stock transfer agreement is scheduled on February 1, 2024. The transaction is expected to complete on February 28, 2024.