Tenox Corporation (JASDAQ:1905) concluded a share transfer agreement to acquire Hiroshimagumi Co., Ltd. from Shintaro Kametake on October 23, 2020. The transaction also includes acquisition of subsidiary Kametake Sangyo Co., Ltd. As reported, Tenox Corporation will acquire 56,600 shares of Hiroshimagumi Co., Ltd. For the financial year ended 2019, Hiroshimagumi Co., Ltd. reported sales of ¥441.8 million and net worth of ¥448.2 million. The Board of Directors of Tenox Corporation resolved the transaction on October 23, 2020. The share transfer is planned to be executed on October 30, 2020. The impact on the consolidated financial results of Tenox Corporation for the fiscal year ending March 2021 will be minor.