Toyota Woodyou Home CORP. agreed to acquire Toyota Home Shinano K.K. from Moriya Corporation (JASDAQ:1798) on July 10, 2020. Under the terms of agreement, stock transfer agreement will be concluded on July 11, 2020. As part of the transaction, Moriya Corporation will transfer 1600 shares of Toyota Home Shinano K.K. to Toyota Woodyou Home CORP. In the year ended March 31, 2020 Kurashiki Royal Art Hotel Co., Ltd reported total assets of ¥188 million, net liability of ¥76 million, sales of ¥885 million, operating profit of ¥38 million and net income of ¥25 million. Board of directors of Moriya Corporation resolved the transaction. The share transfer date is July 31, 2020.