ZERO Co., Ltd. (TSE:9028) agreed to acquire remaining 75% stake in Zero Scm Logistics (Beijing) Co., Ltd. from CITIC Industrial Investment Ningbo Co., Ltd., Mitsui O.S.K. Lines, Ltd. (TSE:9104) and Sumitomo Corporation (TSE:8053) on June 24, 2021. As of December 2020, Zero Scm Logistics (Beijing) Co., Ltd. recorded total assets of ¥3.4 billion, net assets of ¥2.4 billion, revenue of ¥3.7 billion, operating income of ¥95 million. The transaction is expected to close on July 1, 2021.