Muro Corporation (JASDAQ:7264) entered into a share transfer agreement to acquire Igari Holdings Co., Ltd. and 0.04% stake in Igari Industry (Thailand) Co., Ltd. from Takashi Igari and Mitsuko Igari on March 22, 2019. Under the terms of the deal, Muro Corporation will acquire 100% stake in Igari Holdings Co., Ltd. from Takashi Igari and 0.04% stake in Igari Industry (Thailand) Co., Ltd. from Takashi Igari and Mitsuko Igari. For the year ended September 2018, Igari Holdings reported net assets of ¥443.83 million, total assets of ¥434.5 million and net income of ¥0.19 million. The Board of Directors of Muro Corporation resolved the transaction on March 22, 2019. The transaction is expected to complete on April 1, 2019. Muro Corporation (JASDAQ:7264) cancelled the acquisition of Igari Holdings Co., Ltd. and 0.04% stake in Igari Industry (Thailand) Co., Ltd. from Takashi Igari and Mitsuko Igari on March 22, 2020.