Nagoya Railroad Co., Ltd. (TSE:9048) signed share transfer agreement to acquire 15.5% stake in Tosei Corporation (TSE:8923) from Seiichiro Yamaguchi for ¥17.7 billion on May 24, 2024. 7.5 million shares of Tosei Corporation will be transferred at a price of ¥2,370 per share. The deal has been approved by board of directors of Tosei Corporation, and is expected to be completed on June 4, 2024.