Naofumi Omoto, the representative director of Gtnet,Inc. agreed to acquire a 51% stake in Gtnet,Inc. from Nissan Tokyo Sales Holdings Co., Ltd. (TSE:8291) on March 9, 2022. As part of the transaction, Naofumi Omoto will acquire 4,135 shares of Gtnet. Fiscal year ending March 2021, Gtnet reported Total assets of ¥2.65 billion, Net worth of ¥408 million, Sales of ¥6.45 billion, Operating income of ¥112 million, and Net income of ¥69 million.

The transaction is expected to complete on March 24, 2022. The impact of this transaction on the consolidated financial results of Nissan Tokyo Sales is expected to be minor.