Palma Co., Ltd. (TSE:3461) signed a share transfer contract to acquire 20% stake in Trunk System Industry Co., Ltd. from a representative on October 19, 2018. In a related deal, Palma Co., Ltd. (TSE:3461) will subscribe for an unknown stake in Trunk System Industry Co., Ltd. As a result, Trunk System Industry will become an affiliate of Palma. Board of Palma Co., Ltd. resolved in favor of the deal and deal is expected to close on October 31, 2018.