Miyairi Valve Mfg. Co., Ltd. (TSE:6495) agreed to acquire remaining 49% stake in MS-IVT Co., Ltd. from Inter-Valve Technology Corporation for ¥21.7 million on March 18, 2024. As per the transaction, Miyairi Valve Mfg.

Co., Ltd will acquire 490 shares of MS-IVT Co., Ltd. at ¥44,404 per share. As of January 31, 2024, MS-IVT Co., Ltd. generated net assets of ¥44.4 million.