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.