KOMATSU MATERE Co.,Ltd. (TSE:3580) entered into an agreement to acquire Yoshida Sangyo Co.,Ltd. on February 3, 2022. Under the terms, KOMATSU MATERE will acquire 48,000 shares in Yoshida Sangyo Co.,Ltd. representing 80% stake. For the year ended April, 2021 Yoshida Sangyo Co.

had Total assets ¥1,172 million, Net worth of ¥762 million, Sales of ¥1,285 million, Operating income ¥160 million. At the board of directors meeting held on February 3, 2022, the KOMATSU MATERE resolved the acquisition. Transaction is expected to be close on February 4, 2022.