Marumitsu Co., Ltd. (JASDAQ:8256) entered into an agreement to acquire Sanko Advance Co., Ltd. for approximately ¥340 million on December 18, 2019. The transaction is approved by Board of Directors of Marumitsu Co., Ltd. and shareholders of Sanko Advance Co., Ltd. Share exchange ratio of Marumitsu Co., Ltd. : Sanko Advance Co., Ltd. is 1:1,450. The transaction is expected to be completed on January 20, 2020.