Mitsubishi Heavy Industries Machine Tool Co., Ltd. agreed to acquire an additional 68.1% in FUJI HOLLOW VALVE Inc. from Fuji Oozx Inc. (TSE:7299) on March 26, 2021. As a result, Fuji Hollow Valve will become a wholly owned subsidiary of Mitsubishi Heavy Industries Machine Tool Co., Ltd. FUJI HOLLOW VALVE Inc. reported total assets of ¥1.805 million and net assets of ¥1.532 million for the year ended March 31, 2020. The transaction is expected to complete on March 31, 2021.