Yondenko Corporation (TSE:1939) entered into an agreement to acquire Yokoyama Kogyo K.K. from Yo Yokoyama and Akira Yokoyama on March 30, 2021. Under the terms, Yondenko acquired 20,000 shares of Yokoyama Kogyo. Yokoyama Kogyo reported sales of ¥715 million, operating income of ¥86 million, ordinary income of ¥88 million and net income of ¥33 million for the year ending June 2020. The impact on the consolidated financial results for the fiscal year ending March 2022 is expected to be minor. Yondenko Corporation (TSE:1939) completed the acquisition of Yokoyama Kogyo K.K. from Yo Yokoyama and Akira Yokoyama on April 9, 2021.