Kufu Company Inc. (TSE:4376) agreed to acquire 20% stake in Trippiece Co., Ltd. from Katsumoto Tanaka on September 22, 2022. As a part of transaction, Kufu Company Inc will acquire 2.4 million shares. For the year ended October 31, 2021 Trippiece Co., Ltd reported sales of ¥167 million, Net income of ¥15 million and Operating income of 3¥ million.

The transaction is expected to complete on October 3, 2022.