Watanabe Sato Co., Ltd. (TSE:1807) entered into share Assignment agreement to acquire Asunaro Road Co.,Ltd from Asunaro Aoki Construction Co.,Ltd. on March 16, 2023. As part of transaction, Watanabe Sato is acquiring 400,000 shares. For period ended March 31, 2022, Asunaro Road reported net sales of ¥1.8 billion, operating profit of ¥175 million, net assets of ¥1.2 billion.

The transaction is expected to complete on March 31, 2023.