Yasuda Logistics Corporation (TSE:9324) agreed to acquire Nanshin Freight Car Co., Ltd from Mitsuhiko Maruyama and 13 other individuals on October 8, 2021. Yasuda Logistics Corporation will acquire 2 million shares of Nanshin Freight Car. Nanshin Freight Car Co reported Net worth of ¥2.05 Billion, Total assets of ¥3.2 billion, total revenues of ¥7.4 billion, Operating Income of ¥309 million, and Net income of ¥230 million for the fiscal year ending March 31, 2021. The deal is subject to approval from Japan Fair Trade Commission. The deal is expected to be completed by November 1, 2021.