OVAL Corporation (TSE:7727) agreed to acquire Keihin Keisoku Co., Ltd. from Yasuyuki Shibayama and others on December 15, 2022. As per terms of transaction, OVAL Corporation will acquire 20,000 shares of Keihin Keisoku Co., Ltd. For the year ended December 31, 2021, Keihin Keisoku reported total assets of ¥91.8 million, net assets of ¥42.42 million, sales of ¥224.9 million, operating income of ¥8.59 million and net income ¥5.911 million. The transaction is expected to complete on January 20, 2023.