ALC Co., Ltd. entered into a share transfer agreement to acquire Motoren Toyo Corp. from Sunautas Co., Ltd. (JASDAQ:7623) on February 13, 2020. Sunautas shall transfer 14,200 shares of Motoren Toyo. In a related transaction, Daiwa Group Co., Ltd entered into a share transfer agreement to acquire Metropolitan Motors Limited from Sunautas Co., Ltd. on February 13, 2020. For the fiscal year ending March 2019, Motoren Toyo reported net liabilities of ¥349 million, total assets of ¥2.8 billion, sales of ¥5.8 billion, operating loss of ¥107 million and net loss of ¥165 million. The transaction completion is scheduled for February 28, 2020.