Rengo Co., Ltd. (TSE:3941) acquired 70% stake in Nitto Cardboard Paper K.K. on February 13, 2023. For the period ended March 31, 2022, Nitto Cardboard reported sales of approximately ¥1.5 billion.

Rengo Co., Ltd. (TSE:3941) completed the acquisition of 70% stake in Nitto Cardboard Paper K.K. on February 13, 2023.