ES-CON JAPAN Ltd. (TSE:8892) agree to acquire Shijo Omiya Building Co., Ltd for ¥30 billion on February 28, 2023. Under the terms of transaction, ES-CON will acquire 122 shares of Shijo Omiya and post completion, Shijo Omiya will become wholly Owned subsidiary of ES-CON. The funds for this acquisition will be allocated from cash on hand and loans from banks.

Transaction is expected to complete in July 31, 2023.