Tsudakoma Corp. (TSE:6217) signed a contract to acquire the remaining 40% stake in Kyowa Electronics & Machinery Industrial Co., Ltd. from five individuals on March 23, 2020. On completion, Tsudakoma will hold 100% stake in Kyowa Electronics & Machinery. Transaction was resolved by the Board of Tsudakoma. Transaction is expected to close on March 26, 2020. The impact of the transaction on Tsudakoma's consolidated business results is insignificant.