TRIPLE-1, Inc entered into an share transfer agreement to acquire 34.2% stake in APB Co., Ltd. from Sanyo Chemical Industries Ltd. (TSE:4471) on December 2, 2022. Post the transaction Sanyo Chemical Industries bringing ownership of voting rights in APB to 10%. The impact of this share transfer on the consolidated business results for the fiscal year ending March 31, 2023 is expected to be negligible.