Sanko Techno Co., Ltd. (TSE:3435) agreed to acquire Shinko Nylon Co., Ltd. from Morimura Kosan Co., Ltd. and others for ¥1.3 billion on March 31, 2023. As part of transaction, 192,000 shares will be acquired. For period ended, June 2022, Shinko reported total assets of ¥1.9 billion, net worth of ¥1.9 billion, sales of ¥288 million, operating income of ¥25 million and net income of ¥58 million.

The transaction is expected to complete on April 6, 2023.