UT Group Co.,Ltd. (TSE:2146) entered into a share transfer agreement to acquire 51% stake in Hitachi Ibaraki Technical Service, Ltd. from Hitachi, Ltd. (TSE:6501) on October 30, 2023. As of March 31, 2023, Hitachi Ibaraki Technical Service, Ltd reported net assets of ¥1 billion, total assets of ¥2.2 billion, net sales of ¥4.3 billion, operating profit of ¥150 million, and net profit of ¥97 million. The deal is expected to be completed on March 1, 2024.