Open Up Group Inc. (TSE:2154) signed a contract to acquire UT Construction Co., Ltd and UT Technology Co., Ltd from UT Group Co.,Ltd. (TSE:2146) for ¥7.4 billion on November 27, 2023. UT Construction Co., Ltd and UT Technology Co., Ltd reported net assets of ¥1.05 billion, total assets of ¥2.6 billion, net sales of ¥9.03 billion, operating profit of ¥928 million and net profit of ¥609 million for the period ending March 2023. The execution date of share transfer is April 1, 2024.