IAT Co., Ltd. entered into an agreement to acquire 12% stake in Yamato Industry Co., Ltd. (TSE:7886) from Nagata Shigyo Co., Ltd. for approximately ¥120 million on November 22, 2022. IAT Co., Ltd will acquire 120,500 shares of YAMATO INDUSTRY CO. transaction was funded from Arte Japan's own capital contribution.

In related transaction, Yamato Industry Co., Ltd. announced that it has issued 315,000 newly issued shares at a price of ¥650 price per share for gross proceeds of ¥204,750,000 on November 22, 2022. Prior to the transaction, Nagata Shigyo Co., Ltd. own 39.8% stake in Yamato Industry and post completion, it will hold 14.4% stake in Yamato Industry.The major asset reorganization stipulated in the Measures for the Administration of Asset Reorganization has been approved by relevant Japanese authorities. The aforementioned shares have been paid for recently and the share registration procedures have been completed.