Kanemitsu Corporation (TSE:7208) agreed to acquire Tsumura Seisakusho Co., Ltd. from Enomoto Industry Corp on May 20, 2020. The parties signed the agreement on May 25, 2020. Shigeo Enomoto, President and Representative Director of Tsumura Mfg . Co., Ltd., plans to retire. The transaction is expected to close on June 12, 2020. It is expected that the acquisition of the shares will result in negative goodwill, it is difficult to calculate the business forecast for the fiscal year ending March 2021.