Tonami Holdings Co., Ltd. (TSE:9070) signed an agreement to acquire additional 50.1% stake in Takaoka Transportation Co., Ltd. on April 26, 2021. Under the terms, Tonami Holdings will acquire 0.35 million shares in Takaoka Transportation. The financials of Takaoka Transportation for year ending March 31, 2021, are total assets of ¥519.6 million, net assets of ¥289.3 million and operating revenue of ¥864.9 million.

The transaction is expected to close on April 30, 2021.