Berg Earth Co.,Ltd. (JASDAQ:1383) agreed to acquire an additional 50% stake in Berg Fukushima Co., Ltd. from Agriculture, Forestry & Fisheries Fund, managed by Agriculture, Forestry and Fisheries Co-Investment Co., Ltd. on February 16, 2022. Prior to transaction, Berg Fukushima is held 40% by Berg Earth, 50% by Agriculture, Forestry & Fisheries Fund and 10% by ZEN-NOH Co. and upon completion Berg Fukushima will hold 90% stake in it.

The impact of the acquisition of the shares on the consolidated financial results of the Berg Earth for the fiscal year ending October 2022 is currently under scrutiny, and if it is expected to have a significant impact, Berg Earth will notify immediately after the determination.