Kuroda Electric Co., Ltd. signed a stock transfer agreement to acquire Nankai Enviro-Tech Corp. from Tenma Corporation (TSE : 7958) for approximately ¥290 million on May 12, 2023. The transaction is expected to close on May 25, 2023. The impact of this share acquisition on the full-year consolidated earnings forecast for the fiscal year ending March 31, 2024, will be minor.

Kuroda Electric Co., Ltd. completed the acquisition of Nankai Enviro-Tech Corp. from Tenma Corporation (TSE : 7958) on May 25, 2023.