Kondotec Inc. (TSE:7438) agreed to acquire 75.7% stake in Kuriyama Aluminum K.K. on September 16, 2021. For the year 2020, Kuriyama Aluminum K.K. reported net assets of ¥7 billion, Total assets of ¥7 billion, sales of ¥1 billion, operating profit of ¥143 million and net income of ¥104 million. The transaction is expected to close on October 1, 2021.