Sanyo Trading Co., Ltd. (TSE:3176) agreed to acquire Azzurro Corporation Ltd. on October 12, 2017. Under the terms of transaction, Sanyo Trading Co., Ltd. will acquire 400 shares of Azzurro Corporation Ltd. Upon completion, Azzurro Corporation Ltd. will become a subsidiary of Sanyo Trading Co., Ltd. For the year ended August 31, 2017, Azzurro Corporation Ltd. reported total assets of ¥209 million, net assets of ¥69 million and revenue of ¥522 million. The Board of Sanyo Trading Co., Ltd. resolved the transaction. The transaction is expected to be completed by October 31, 2017. Sanyo Trading Co., Ltd. (TSE:3176) completed the acquisition of Azzurro Corporation Ltd. in October 2017.