Sado Steam Ship Co., Ltd. (JASDAQ:9176) signed a share exchange agreement to acquire an additional 44.89% stake in Sado Steam Ship Transport Co., Ltd. from Niigata Prefecture Tourism Products Co., Ltd. and other investors on September 18, 2020. Post-closing, Sado Steam Ship Transport Co., Ltd. will be a consolidated wholly-owned subsidiary of Sado Steam Ship Co., Ltd. For the financial year 2019, Sado Steam Ship Transport Co., Ltd. had sales of ¥1.9 billion, net assets of ¥664 million and total assets of ¥2.3 billion, EBIT of ¥3 million. The transaction was resolved by Board of Directors of Sado Steam Ship Co., Ltd. on September 18, 2020. The planned contract closing date October 16, 2020. Sado Steam Ship Co., Ltd. (JASDAQ:9176) completed the acquisition of an additional 44.89% stake in Sado Steam Ship Transport Co., Ltd. from Niigata Prefecture Tourism Products Co., Ltd. and other investors for ¥ 250 million on October 16, 2020. Under the terms exchange ratio was decided to be 1.33 and 1.07 million shares will be issued.