Daiwa Group Co., Ltd. entered into an agreement to acquire Metropolitan Motors Limited from Sunautas Co., Ltd. (JASDAQ:7623) on February 13, 2020. In a related transaction, ALC Co., Ltd entered into an agreement to acquire Motoren Toyo Corp from Sunautas on February 13, 2020. Daiwa Group generated net assets of ¥77 million, total assets of ¥3.5 billion, sales of ¥8994 million, operating income of -¥70 million and net income of -¥126 million. The Board of Directors of Sunautas resolved the transaction. The transaction is expected to close on February 28, 2020. Daiwa Group Co., Ltd. completed the acquisition of Metropolitan Motors Limited from Sunautas Co., Ltd. (JASDAQ:7623) in the fiscal year ending April 2020.