Maruwn Corporation (TSE:9067) agreed to acquire 51% stake in Shizuoka Sekiyu Yuso K.K. on March 6, 2019. As per the terms, Maruwn Corporation will acquire 0.03 million shares. As of March 2018, Shizuoka Sekiyu reported sales of ¥522 million. The transaction is expected to be completed on April 1, 2019.