Zhou Weiwei and Xu Wenqin signed a transfer agreement to acquire Toyo Knife (shanghai) Co.,ltd. from Toyo Knife Co., Ltd. (TSE:5964) on August 10, 2018. Toyo Knife (shanghai) Co.,ltd. reported net assets of ¥6.96 million, total assets of ¥9.96 million, sales of ¥10.96 million and operating income of ¥0.33 million and net income of ¥0.34 million as of December 31, 2017. Board of Toyo Knife Co., Ltd resolved in favor of the deal on August 10, 2018.