Fujimi Koken Co., Ltd entered into share transfer agreementto acquire Nihon Segment Industrial Corp from Toyo Asano Foundation Co., Ltd. (TSE:5271) and JFE Metal Products & Engineering Inc. on February 28, 2023. Under the terms of transaction, Fujimi Koken will acquire 0.16 million shares from Toyo Asano and 0.02 million share from JFE Metal &Engineering. For Year ended February 28, 2022, Nihon Segment had total asset, net assets, revenue, Operating loss and net income as ¥1.7 billion, ¥770 million, ¥1.9 billion, ¥0.03 million and ¥12.8 million respectively.

Transaction is expected to close on March 31, 2023.