Nagaoka International Corporation (TSE:6239) agreed to acquire Yazawa Ferromite Co., Ltd from Yazawa Co., Ltd. and Ryuji Yazawa on June 22, 2022. For June 2021, Yazawa Ferromite reported Networth KRW 135.3 million, Total assets KRW 524.9 million, Sales KRW 716.9 million, Operating income KRW 138.3 million and Net income KRW 83.54 million. The transaction is expected to close on July 1, 2022. on June 22, 2022, the Company resolved to acquire all the shares of Yazawa Ferromite Co., Ltd. Contract date is scheduled on June 23, 2022. The transaction is expected to close on July 1, 2022.