Mizuno Corporation (TSE:8022) entered into an agreement to acquire Sharp Sangyo Co.,Ltd. for ¥130 million on April 24, 2020. Mizuno Corporation will acquire 0.26 million shares representing 100% stake in Sharp Sangyo Co.,Ltd. Post completion of the transaction, Sharp Sangyo Co.,Ltd. will operate as a subsidiary of Mizuno Corporation. For the year ended November 30, 2019, Sharp Sangyo Co.,Ltd. reported net assets of ¥16 million, total assets of ¥1.14 billion, sales of ¥2.21 billion, operating profit of ¥155 million and net profit of ¥15 million. The transaction is expected to complete on May 29, 2020. Mizuno Corporation (TSE:8022) cancelled the acquisition of Sharp Sangyo Co.,Ltd. on April 24, 2021.