Sugita Ace Co.,Ltd. (TSE:7635) agreed to acquire Fuyo Corporation from Tomoo Wakayama, Masaki Yamada, 8 other individual shareholders on March 16, 2022. As on March 31, 2021, Fuyo Corporation generated the sales of ¥56,072 million, Operating income ¥477 million and Net income of ¥323 million. Transaction is expected to close on March 31, 2022.