Niterra Co., Ltd. (TSE:5334) agreed to acquire Toshiba Materials Co.,Ltd. from Toshiba Corporation for ¥150 billion on November 25, 2024. A cash consideration of ¥150 billion will be paid by Niterra Co., Ltd. for 10,000 shares.

For financial year ended March 31, 2024, Toshiba Materials reported net assets of ¥4.914 million, total assets of ¥35.8 billion, net sales of ¥34.54 billion and operating profit of ¥5.486 billion. The expected completion of the transaction is May 30, 2025.